Binance Integrates WBTC on Kava EVM and BONK on BNB Smart Chain

Terrill Dicki  May 14, 2024 13:16  UTC 05:16

0 Min Read

Binance Completes Integration of WBTC and BONK

In a significant development, the leading cryptocurrency exchange, Binance, announced the completion of integrations of Wrapped Bitcoin (WBTC) on the Kava EVM network and Bonk (BONK) on the BNB Smart Chain. The integration will allow users to make deposits and withdrawals for WBTC and BONK on the respective networks.

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on the Ethereum blockchain. It allows Bitcoin holders to use tokenized Bitcoin in Ethereum-powered decentralized applications (dApps) and trade it on decentralized exchanges (DEXs).

Deposits and Withdrawals Now Open

Following the successful integration, Binance has opened deposits and withdrawals for both WBTC and BONK. Users can find their assigned deposit addresses on the 'Deposit Crypto' page on the Binance platform. The move is expected to enhance liquidity and trading options for users, and is a testament to Binance's continuous efforts to improve its platform and provide better services to its users.

However, Binance cautioned users to remain vigilant as there might be discrepancies in the translated versions of the original announcement. Users are advised to refer to the original version for the most accurate information.

About Binance

Binance is a leading global cryptocurrency exchange and blockchain platform that offers a platform for trading more than 100 cryptocurrencies. Since its inception in 2017, Binance has grown rapidly and now has over 15 million users worldwide. Binance is known for its strong technology, fast execution, and innovative products.

Binance also reserves the right to amend or cancel the announcement at any time and for any reasons without prior notice. The company further noted that digital asset prices are subject to high market risk and price volatility. Investors are solely responsible for their investment decisions, and Binance is not liable for any losses they may incur.

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