2023-12-15 22:14 |
The crypto market has witnessed a massive surge in trading activities in recent years. However, market biggies like Binance (BNB) and Coinbase have not been able to fulfill the ever-evolving requirements of crypto traders.
Meanwhile, a new crypto exchange, Pullix, is attracting users due to its features and growth potential. The PLX presale is selling out fast ahead of listing.
Binance (BNB) ends P2P support for Russian RubleAmid the ongoing legal saga in the US, Binance (BNB) has announced ending support for the Russian Ruble (RUB) P2P trading pairs. According to the official announcement by Binance (BNB), the P2P support will end on January 31, 2024.
Notably, this is part of Binance’s exit from the Russian market, and selling its business to CommEX.
The announcement came just a few hours after Binance withdrew its licensing application in Abu Dhabi. The negative impact of such events is visible in the price movement of BNB.
The market value of BNB has taken a fall of 5% on the monthly price chart. Therefore, a Binance (BNB) token is currently available at $238.69.
Coinbase allows money transfer via messaging platformsTo encourage more activities on its exchange, Coinbase has decided to let its wallet users send stablecoins for free. This new feature will let Coinbase Wallet users transfer funds by sharing links through messaging platforms. Supported social media platforms include WhatsApp, Telegram, Facebook and Instagram.
Moreover, Coinbase users can instantly send money to foreign countries. However, to use this service, both the sender and receiver will need to have Coinbase Wallet on their devices.
Additionally, if the funds are not retrieved by the receiver within two weeks, Coinbase will automatically return the money to the sender. As per Coinbase, this will attract more users to its platform.
Pullix presale posts staggering growthAccording to some research reports, the market of crypto exchanges can grow at a CAGR of more than 27% by the end of 2030.
To seize this growth opportunity, Pullix has entered the market with a novel solution. It is a first-of-its-kind community-backed platform that assimilates the best features of both centralised and decentralised exchanges.
It is a decentralised exchange designed to address challenges impacting the conventional trading industry, including slow speed, high transaction fees, and opaqueness. While many decentralised exchanges face criticism for violating laws, Pullix aims to become a fully licensed and lawful platform.
Notably, legal safeguards are the USP of the platform. It adheres to all the regulatory frameworks that govern licensed online brokers. This ensures the safety of traders and their investments.
Moreover, with a proper license, the platform gets access to diverse jurisdictions. It has planned to set up legal entities in various onshore and offshore jurisdictions. This, in turn, will help the platform significantly increase its user base.
PLX is the native token of the platform. Pullix has promised to distribute a portion of the daily revenue to token holders. Besides, the token comes with several benefits, including staking rewards, cashback, and promotional offers.
The presale is in its first phase, with PLX currently priced at $0.04. The token’s value will rise throughout the presale, accumulating potentil gains of 580% by the final phase.
For more information, visit Pullix’s presale page or join the Pullix communities.
The post New hybrid DeFi platform is ready to take on the likes of Binance (BNB) and Coinbase appeared first on Invezz
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