BNB rate rises by 7,5% after Binance’s support of DEX Hasflow

This is the 31st project whose launch is supported by the crypto exchange’s staking platform

31.10.2022 - 09:45

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What’s new? On October 31, cryptocurrency exchange Binance’s staking platform launched Hashflow, a decentralized trading platform (DEX) that connects traders with professional market makers. Users can earn native tokens of Hashflow (HTF) by staking BNB tokens and Binance USD (BUSD) stablecoins. The rate of BNB rose by 7,5% from $307 to $330 on the back of this news.

Announcement on the Binance blog

What else is known about Hashflow? The decentralized platform allows trading without registration and with zero fees. In addition, rewards are available for users in the project’s own metaverse called the Hashverse.

Hashflow is already the 31st project to be launched on the Binance staking platform. For 30 days, users will be able to stake BNB and BUSD into separate pools for HFT mining, then Binance will include HFT in the innovation zone. On November 7, HFT/BTC, HFT/BUSD, and HFT/USDT pairs will be open for trading.

New, more volatile and high-risk digital assets are available in the Binance innovation zone. It also does not impose any restrictions on trading pairs. To access it, users need to accept the exchange’s disclaimer.

At the time of writing the news (October 31, 11:10 UTC), the value of BNB has corrected to $329,1.

On October 28, the Osmosis (OSMO) token rose in price by 24% after being listed on Binance’s Innovation Zone. In addition, the exchange opened spot trading of the asset in pairs with bitcoin, as well as BUSD and USDT stablecoins.

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