Binance Coin-pegged investment funds launched by investment firm, EXANTE

[Magician]

2019 has been a good year for the cryptocurrency space, with several digital assets posting significant gains after the troubles of the crypto-winter towards late-2018. Parallelly, crypto-exchanges have been making waves in the industry as well, with Binance launching Binance DEX and the GBP-backed stablecoin in the works. Binance’s native token, Binance Coin, surged by more than 450 percent in 2019, at press time.

According to a recent report, EXANTE, a financial investment company, has announced the launch of a new investment fund that will be directly pegged with Binance Coin [BNB]. Speculators believe that the announcement may have a positive impact on BNB’s price valuation, as the decision serves as a new gateway into the crypto-ecosystem for new investors. EXANTE customers already have the option to trade with over 20 other investment funds, pegged to other virtual assets.

EXANTE also shares headquarters with Binance in Malta, and was one of the first investment companies to start a Bitcoin fund back in 2013, when the concept of Bitcoin was not widely understood.

Additionally, the BNB coin has surprisingly gathered tremendous attention in terms of mass adoption, with the latest development allowing it to be traded using Visa and MasterCard. This association is thus considered a major landmark in terms of mainstream adoption and involvement of non-crypto players.

The future seems bright for Binance as it currently stands as the largest cryptocurrency exchange in the world, while BNB maintains an upward growth trajectory in terms of value and popularity. Given BNB’s stellar performance in 2019, industry expert speculate the company will soon peg Binance next to their investment funds.

Source

[jonathancool220]

Oh, so I understand that this Binance does not want to take the desired risk because I think Binance is smarter when compared to EXANTE.

For example, all Pegged transactions for this Binance chain are protected or backed up by EXANTE, so inevitably when a transaction is wrong, the Binance will not suffer losses and the loss will be EXANTE.
But Binance will also suffer losses with bad news about its blockchain that has experienced the authenticity of the transaction and this is a small example of cooperation between EXANTE and Binance.

[damsix]

But Binance will also suffer losses with bad news about its blockchain that has experienced the authenticity of the transaction and this is a small example of cooperation between EXANTE and Binance.

Yes, that's right, that's a common thing in cryptocurrencies, including Binance, of course, has Bad News.
But at least EXANTE is already working with Binance and has positive things for the future of Binance.

Binance is also an altcoins so you can't escape the name Bad News.

[masudginanjar]

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It's better to have news like this because Binance needs some good news to raise its value.
But if there is bad news also Binance is grateful that the Whales can buy more for their trade.

Why can whales buy more Binance coins because Binance is now a trusted coin for everyone.