Coinbase, one of the leading crypto exchanges in the US, announced that it has listed trading pairs of Binance USD (BUSD) and Binance.
Besides, On April 11 Coinbase published the list of the top 50 tokens that it was targeting to list during the Second Quarter (Q2) of 2022. Binance USD, a stablecoin that was issued by its greatest competitor Binance and also the fourth largest Stablecoin by market capitalization, was among the tokens to be listed in Q2.
Following its listing on Coinbase, BUSD has become the eighth stablecoin to be offered by one of the leading exchanges.
However, Coinbase noted that BUSD will not function in its native Binance Chain (BSC) but as an ERC-20 token on the Ethereum (ETH) network.
In addition, the exchange also warned its users against sending their assets to other networks as their funds may be lost.
BUSD burn after the launch
According to Whale Alerts Twitter handle, a total of $122,895,760 BUSD was burned on the Binance exchange after the launch, this seems to bring the two exchanges together.
🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 122,895,760 #BUSD (122,895,760 USD) burned at #Binancehttps://t.co/nEISfb0YnT
— Whale Alert (@whale_alert) April 26, 2022
Oasis Network (ROSE) live on Coinbase
Before Coinbase made its listing announcement, it had clarified that it has offered full support for scalability and privacy token Oasis Network (ROSE).
According to their Twitter handle, they said that Oasis (ROSE) is now live on the entire Coinbase platform for trading including on Android and iOS apps.
🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 122,895,760 #BUSD (122,895,760 USD) burned at #Binancehttps://t.co/nEISfb0YnT
— Whale Alert (@whale_alert) April 26, 2022
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Tagged: Binance, Coinbase, crypto blog, Crypto news, Markets