Reef Finance recently announced its intended partnership with Binance Access.
Reef is the very first cross-chain DeFi operating system that has been built on the Polkadot ecosystem. With Reef, users are provided with a smart liquidity aggregator coupled with an easy-to-use user interface. By integrating Binance Access, cryptocurrency purchases with fiat and trading can be enabled on Reef Finance. Such trading can also be done in a non-custodial manner.
By offering a yield engine to its users, Reef boosts trading by granting access to liquidity both from centralized exchanges and decentralized exchanges. Through its AI-driven personalized Reef Yield Engine, Reef also offers borrowing. as well as staking, mining, and lending services to its users. With this partnership, support for Binance Smart Chain will be available to all users of the Reef platform as time progresses.
More Innovation for Reef Users
This integration with Binance will bring more innovations to Reef users as increased liquidity and a fiat gateway will be enabled. Based on volume, Binance is renowned as one of today’s biggest cryptocurrency exchanges. In early 2020, Binance released the Binance Smart Chain (BSC), which is an Ethereum Virtual blockchain.
The Binance Smart Chain (BSC) promotes the development of smart contracts for tokens that are on the Binance blockchain. With BSC, Binance aims to develop an ecosystem where different parties will benefit from its blockchain platform. Such parties include users, developers, token holders, and validators. With the high-performance blockchain, more opportunities will be open for future innovations and projects.
The Binance Brokerage integration will favor Reef users that are looking to execute trades. With the Access gateway, users will be able to purchase cryptocurrencies by simply using a credit card.
Reef To Leverage on Binance Tools
By integrating Binance Access and Smart Chain, Reef will leverage on Binance tools for various advantages. Such advantages include easy use for fiat access, access to Binance liquidity, an amazing user experience, and low fees on transactions.
Denko Mancheski, CEO of Reef Finance, notes, “We share the vision of Binance in ushering in mainstream adoption by making the fiat to crypto onboarding experience seamless.”
Besides, the partnership between Reef and Binance will enable users to easily onboard onto crypto finance platforms. With Binance, this can be done quickly and cheaply.
Before now, Binance Charity Foundation announced their partnership with UNICEF Luxembourg to support the people of Beirut after the disaster they experienced in August. Binance Charity has contributed $10,000 worth of crypto to support them in their time of need.
As of press time, Binance Coin (BNB) price was $29.45 with a 24-hour trading volume of $345,296,798. BNB price also dropped by 1.8% over the previous 24 hours. It also has a circulating supply of 147.8 million coins and a max supply of 179.8 million coins.