The Asia based cryptocurrency exchange has announced its own blockchain, building a basis for issuing new cryptocurrencies and initial coin offerings. Binance Chain Explorer and Web Wallet is now available to selected partners in beta testing mode.
Binance is currently the third largest crypto exchange by adjusted daily trading volume. As recently reported, Binance’s Q1 2019 profits surged 66% compared to the previous quarter. According to another report, Binance saw $78 million in Q1 profits due to a massive growth in its over-the-counter trading platform. Recently, Binance’s charity arm launched a crypto donation channel to support the reconstruction of the Notre Dame cathedral.