Cryptocurrency Short News

Binance Acquires JEX – Another Step to Become One Stop Solution

The exchange will manage JEX tokens now and burn them in future

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 3, 2019

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Binance announced acquisition of cryptoasset derivatives trading platform JEX on Monday, 2nd Sept 2019. JEX now becomes Binance JEX with the acquisition. Binance will now handle JEX team as well as token. JEX token now will focus on delivering cryptocurrency derivatives to Binance users. Including, futures contracts, options, and other derivatives

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Interestingly, Binance also introduced “Battle for Binance Futures” competition. Two testnet Futures platforms came into existence. The users testing both platforms, received a total of 10,000 BNB for a full month. Eventually, Binance gets closer to becoming a One-Stop-Shop for Cryptocurrency traders.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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