The largest cryptocurrency exchange out there, Binance, is in the daily cryptocurrency news again – this time for launching a new analysis division that will apparently conduct “institutional grade” research reports.
The news comes after an announcement was originally published by the company yesterday, with a clear objective of increasing the transparency and improving the quality of information in the field of crypto.
After conducting and publishing two in-depth reports, the division set by Binance is taking a greater swing and is looking at publishing more in the future. The recently published reports aimed at blockchain and its support of smart contracts and distributed applications – as well as a new scaling solution for Ethereum (ETH).
Named Binance Research, this is not the first project from the exchange beyond its original mandate. Earlier this year, Binance announced that it will donate all of its listing fees to charity and allow developers themselves to name the amount they pay without demanding a minimum fee.
Meanwhile, the company has been gradually expanding its trading activities to other countries. In the latest news in this field, we saw the announcement about the launch of its fiat-to-crypto exchange in Uganda which enabled users to buy two major cryptocurrencies, Bitcoin and Ethereum, through the local fiat currency of Ugandan shillings.
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