Instant cryptocurrency exchange service Changelly has strengthened its position on the crypto market by adding Binance stablecoin BUSD to its list of supported currencies.
Binance USD [BUSD] is a stablecoin backed by the US dollar. BUSD was created and listed on Binance in September 2019 in partnership with Paxos and it is NYDFS-approved. With BUSD now being available on Changelly, users can swap the stablecoin for the more than 150 cryptos already listed on Changelly. It is particularly important to note that BUSD can be traded on both Changelly’s web service and the Changelly mobile app. Also, when exchanging BUSD through Changelly, users can pick whether they want to use a fixed or a floating rate.
Binance and Changelly have often worked together to foster and grow the crypto industry. Back in April 2018, Changelly’s algorithm was integrated into Binance to pick up the best cryptocurrency rates from the exchange and then offer them to Changelly users. In June 2018, Binance native cryptocurrency BNB was listed on Changelly. This allowed crypto enthusiasts to seamlessly exchange BNB from and into dozens of cryptocurrencies presented on Changelly.
CEO Changelly Eric Benz considers the listing of BUSD as a way for Changelly users to avoid the crypto market volatility by keeping their savings in stable assets. Eric stated,
“The market for stable coins keeps growing and as a result, we are playing close attention to a few key players such as our partner, Binance. With the addition of BUSD to the Changelly platform, we again are giving customers more options in order to swap their crypto into a stable value to avoid market volatility.”
Samuel Lim, Chief Compliance Offer at Binance said,
“We’re excited for BUSD to be available to the Changelly community. BUSD is offered on more than 35 exchanges and its utility spans staking, lending, margin trading, futures trading, and more services. Through Binance stablecoins, we plan to make crypto more accessible and unlock more financial services to complement the existing assets and use cases.”
Changelly is a non-custodial instant cryptocurrency exchange, which means that no user funds are held on to by the service. Changelly acts as an intermediary between crypto exchanges and users, offering access to 150 cryptocurrencies.
The company’s mission is to make the exchange process effortless for everyone who wants to invest in cryptocurrency. Operating since 2015, Changelly attracts over a million monthly visitors who enjoy the high limits, fast transactions, and 24/7 live support the service offers. Changelly has an intuitive interface, the best exchange rates, and secure transactions.
For those looking to exchange crypto on-the-go, Changelly offers its official mobile app with fixed-rate exchanges, available for download on the AppStore and Google Play. For those who would like to exchange crypto at a floating rate, Changelly offers the market-low fee of 0.25% for all crypto-to-crypto exchanges.
Changelly offers its API and a customizable payment widget to any crypto service that wishes to broaden its audience and implement new exchange options. Dozens of crypto businesses already use Changelly’s API, adding the instant swap feature to their services. The platform also provides an Affiliate program with a 50% revenue share mechanism.
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Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions.
The Binance ecosystem is also comprised of Binance Labs [venture capital arm and incubator], Binance DEX [decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain], Binance Launchpad [token sale platform], Binance Academy [educational portal], Binance Research [market analysis], Binance Charity Foundation [blockchain-powered donation platform and non-profit for aiding in sustainability], Binance X [developer-focused initiative] and Trust Wallet [its official multi-coin wallet and DApps browser]. For more information, visit here.
Disclaimer: This a paid post, and should not be treated as news/advice.