Binance, the leading cryptocurrency exchange has launched an analysis wing to carry out “institutional-grade” study reports, as per a published announcement on November 8.
Binance research, the new analysis division of the exchange is all set to prepare institutional-grade research reports with the plans to increase transparency and improve the information standards among the cryptocurrency industry.
Already the division has published two in-depth reports based on the decentralize blockchain with smart contracts support and distributed applications, along with a scaling solution for Ethereum (ETH).
The research division isn’t the first project from the exchange different from its original model. In October, Binance announced their step to donate all of its listing fees to charity, as well as allowing developers to quote the amount they wanted to pay, without any minimum fee bracket.
Following up with this news, Binance introduced a donation platform powered by blockchain technology entitled Blockchain Charity Foundation (BCF). It is the first donation platform to raise funds to help victims of landslide and flood in Eastern Uganda, BCF accepts the donation in the form of ETH, BTC and Binance Coin (BNB).
Also in October, Binance Labs, another venture of the Binance exchange invested in Contentos, a decentralize digital content ecossystem planning to develop a decentralized platform with aim to offer transparency and monetization of content, without any interference of third-party and censorship or restriction on content.
Launched in China in 2014, currently, Binance has approximately $796 million of trading volume at the press time, as per CoinMarketCap.
Gradually the exchange has been expanding its roots in other countries. Recently it announced the launch of its fiat-to-crypto excahnge in Uganda, allowing users to buy two prime cryptocurrency BTX and ETH, with Ugandan shillings.
Similarly, in September, the exchange announced the beta testing of a crypt-fiat exchange in Singapore, which will work presumably with the support of the Singapore dollar. In the same month, it signed a Memorandum of Understanding with Malta Stock Exchange’s fintech and the subsidiary of the digital asset, MSX PLC, to introduce the trading platform.
Binance LCX, in August with partnering with Liechtenstein Cryptoassets Exchange (LCX), made an announcement to launch a fiat-to-crypto exchange in Lichtenstein.