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Tag: Binance

  • Cross-chain trade router Swing adds support for Binance Smart Chain

    Cross-chain trade router Swing adds support for Binance Smart Chain

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    Swing, a cross-chain infrastructure platform to trade and move crypto between blockchains, has announced that its cross-chain liquidity and bridging protocol, is now live on Binance Smart Chain (BSC).

    Originally built on the Polkadot blockchain, Swing has recently expanded to several different blockchain networks, including Avalanche, Polygon, and Solana.

    Acting as liquidity and bridging aggregator of the most popular decentralized finance platforms and DEXs (decentralized exchanges), with Swing, users can access the full range of popular DeFi platforms and trade seamlessly across them all without surrendering control of their funds to any third party.

    Integration of Binance Smart Chain will broaden Swing’s access DeFi apps, and specifically, will allow the platform to aggregate liquidity and bridging opportunities across the most popular DEXs on BSC, including PancakeSwap, BurgerSwap, BiSwap, and more.

    Binance Smart Chain is the Ethereum Virtual Machine (EVM) compatible dApp and smart contract platform from the world’s largest crypto exchange, Binance. Although created by a centralized exchange, Binance Smart Chain is a decentralized platform that hosts a number of decentralized applications.

    “We are thrilled to become a part of the Binance Smart Chain (BSC) network. The number and variety of decentralized applications on Binance Smart Chain gives our protocol a chance to show what it can do. Users and traders will feel an immediate benefit by having all of the best liquidity and bridging options available in one place.”
    – Swing Founder, Viveik Vivekanantha

    The Swing protocol is currently live on Ethereum, Polygon, Avalanche, Fantom, xDai, and now Binance Smart Chain, where it aggregates bridges and liquidity sources to find the lowest slippage on cross-chain token swaps and liquidity transfers.

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  • Binance sponsors AFCON to further develop crypto adoption in Africa

    Binance sponsors AFCON to further develop crypto adoption in Africa

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    Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event.

    Through this sponsorship, Binance will also be promoting CAF’s social media content which will include the Assist of the Day, Assist of the Week and Assist of the Tournament. This content will cover games from five cities in Cameroon across all six venues.

    Veron Mosengo-Omba, the General Secretary for the CAF, was “delighted to welcome Binance as an official sponsor of the AFCON tournament this year.” Mosengo-Omba said that he is optimistic that this partnership will “push African football to a new level.”

    AFCON 2021 marks the start of the African sports calendar and will continue until Feb 6.

    Binance’s partnership with CAF is a part of an ongoing campaign to provide financial services to Africans who they say would normally have very limited access to banks and other financial institutions. So far, Binance says it has already given over 541,000 Africans access to free classes on crypto.

    Binance Director for Africa Emmanuel Babalola stated: “Football is the most popular sport in Africa.” He said that they hope this sponsorship will further “corroborate our mission to take crypto mainstream across the continent.”