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Binance Launches a New Cryptocurrency, BTCB, Pegged to Bitcoin

Binance, which more often than not makes the news has made yet another interesting announcement. It has created a 9001 BTC (about $80 million) reserve fund and designed a new cryptocurrency BTCB, pegged to the price of Bitcoin. Bitcoins can be exchanged for BTCB on Binance.com at less than 0.1% deviation from the actual price.

Binance, which more often than not makes the news has made yet another interesting announcement. It has created a 9001 BTC (about $80 million) reserve fund and designed a new cryptocurrency BTCB, pegged to the price of Bitcoin. Bitcoins can be exchanged for BTCB on Binance.com at less than 0.1% deviation from the actual price.