Binance-Peg BTCB tokens are pegged Bitcoin tokens on Binance Smart Chain. These tokens carry a 1:1 wrapped Bitcoin value. This ecosystem innovation was made to bring more users into the smart chain after the surge of new owners of Bitcoin of prior years. This wrapped coin revolutionizes the availability of differing smart chain platforms.
Launched in the summer of 2019, the Binance Peg-BTCB sought strengthen the Binance community through appealing to new cryptocurrency users drawn in by the buzz surrounding the Bitcoin craze. Increased volume leads to increased liquidity, a benefit both new and current users. Bitcoin may be the flash that gets new people into cryptocurrency trading, but it is the value of the smart chain that will keep them in trading.
This token allows for trading on Binance from non-native block chains. By entering into the Binance mix, this opens the door to an increased trading volume which promises for higher liquidity pools. Overall the Binance PEG-BTCB is a great way to enjoy the benefits of the Binance Smart Chain from other smart chains. BTCB intended to be an introduction into the Binance Smart Chain ecosystem and a new home for crypto trading.
