BNB
by BSC News
October 4, 2022
BNB Chain performance and Binance ecosystem updates from the last week, including users, transactions, news and price movement.
Here are some key metrics of BNB Chain’s performance between Sept. 23 and 29:
Last week, the Binance ecosystem recorded a series of significant developments. These included restarting Crypto Futures in South Africa, creating the Ethereum Proof-of-Work (ETHW) mining pool, launching Spot Block Trading on the Binance website, and announcing the launch of Binance New Zealand.
In an announcement on Sept. 26, Binance confirmed that it had relaunched its Futures products for eligible South African users.
According to the blog post, Binance’s USD-Margined and Coin-Margined perpetual and delivery Futures contracts became available to Binance users in South Africa on Sept. 26 through a juristic representative arrangement with FiveWest OTC Desk (Pty) Ltd.
Last October, Binance suspended a series of products and service offerings to its users in South Africa “to comply with local regulations.”
On Sept. 29, Binance announced the launch of the ETHW mining pool, where all pool users within a 30-day period can enjoy zero pool fees for ETHW mining. This promotion is available only to users with verified Binance accounts and users that contribute to the hashrate of the ETHW pool during the promotion period.
To increase the number of existing communication channels for its OTC service, Binance, on Sept. 29, launched Spot Block Trading on the Binance website.
OTC traders who intend to trade nominal amounts of $200,000 and more can now request a live price quote from the Binance OTC trading desk directly on the platform.
Binance, on Sept. 29, announced the official launch of Binance New Zealand following the exchange’s registration as a Financial Service Provider on Sept. 10 in the country.
According to CoinMarketCap, $BNB exchanged hands at $286.02 as of writing. The price per BNB coin rallied by 5% in the past week.
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