Binance, the largest cryptocurrency exchange by trading volume, has announced the inclusion of VeChain (VET) and eight other digital assets in the first batch of tokens supported on the recently launched Binance Bridge 2.0.
Binance Bridge 2.0 was launched to provide a new way to bridge listed and selected tokens from Ethereum to BNB Smart Chain as BTokens. Through the new bridge, users can use their wrapped tokens with the BNB Chain ecosystem and explore decentralized finance (DeFi), blockchain games, metaverse, and others.
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As announced by the exchange, an initial batch of nine tokens, including VeChain (VET), have been supported.
According to the report, users can now deposit VeChain (VET), The Sandbox (SAND), ApeCoin (APE), JasmyCoin (JASMY), Decentraland (MANA), ConstitutionDAO (PEOPLE), MovieBloc (MBL), LooksRare (LOOKS), and Dogelon Mars (ELON) on existing supported networks and withdraw the corresponding BEP20 tokens (BTokens).
The exchange added that the supported tokens can also be traded on-chain via decentralized exchanges that support the BEP20 token standard.
Read Also: VeChain’s First-Ever Stablecoin, VeUSD, Is Now Live for Minting. Here’s How To Mint the Coin
Binance further stated that:
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