Binance Ready to Launch its Blockchain Network On April 18 with Genesis Block Announcement

Binance, one of the most popular exchanges in the market, could be launching its new Binance blockchain today. This is according to a recent tweet that the company wrote in which they said that today marks the birth of a new genesis block.

Binance Could Launch Its Blockchain Network

Binance could be launching its decentralized exchange (DEX) in the near future. The platform, that will be featuring its Binance Coin (BNB) as the base token, will be attracting interest from developers and other networks in the space. Although it is not clear when the platform will be launched, it is expected to be in the next few hours.

Wei Zhou, Binance CFO, explained in a recent interview at the Paris Blockchain Week, that they were planning to launch the platform by the end of the current month. And indeed, it seems that they are going to do so.

Today marks the birth of a new genesis block.

Who's ready? pic.twitter.com/AF1hVtFXzt

— Binance (@binance) April 18, 2019

Users have been waiting for a long period of time the launching of this new platform that aims at changing the way in which decentralized applications are deployed.

At the same time, Binance is also expected to launch a new fiat-to-crypto exchange in Singapore. Everything is ready to be launching the platform. Binance has been testing it for a long period of time and users are waiting to have an easy way to purchase digital assets with fiat currencies.

This is not the first fiat-to-crypto platform launched by Binance. In the past, the exchange launched a platform in Uganda for users to purchase virtual currencies with Ugandan shilling. Moreover, Binance Jersey is another platform that supports British pound and Euro. The exchange has also launched a “Lite” venture in Australia in which users can easily purchase BTC using cash.

Binance Coin has also been growing in the market. The digital currency has reached almost $21, a price level that it reached back at the beginning of 2018. In December 2018, the digital asset fell down to $4.5. Now it is being traded almost five times higher.

Currently, BNB has a market capitalization of almost $3 billion and it is the seventh largest digital asset in the market.