Exante launches a crypto fund pegged to Binance Coin (BNB)
Crypto

Exante launches a crypto fund pegged to Binance Coin (BNB)

By Alfredo de Candia - 12 Jun 2019

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Yesterday Exante officially announced its intention to create a new investment plan and that it will be directly pegged to the Binance Coin (BNB) cryptocurrency.

Exante is a financial broker who also deals with crypto.

Considering that BNB is a utility token, this allows it to be used to save on fees when operating on the Binance platform, but it can also be used on the Launchpad platform to participate in the IEOs hosted on the exchange.

Exante already allows investing in over 20 different cryptocurrencies such as bitcoin (BTC), ethereum (ETH), litecoin (LTC), XRP, Zcash (ZEC), Monero (XMR) and others.

In 2017 Exante also launched XAI, an index dedicated to altcoins.

This means that from now on it will be possible to invest in Binance Coin (BNB) via the Exante platform.

As explained on the official website, Exante has decided to focus on this crypto partly because its system provides for a constant reduction in the supply, through the burning of the tokens, which will lead to a reduction in the total supply to 100 million.

Currently, Binance Coin is seventh for market capitalisation and is the cryptocurrency used by an exchange that generates a daily volume of 1.5 billion.

Binance launched BNB in 2017 with an ICO that raised over 15 million, which was initially based on the Ethereum blockchain. Recently, however, BNB has become a proprietary token based on the exchange’s blockchain.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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