Binance Research, as the crypto analysis division is called, will prepare world-class institutional level crypto research reports with the aim of improving the information quality and increasing transparency within the crypto space.
The division has already created and published two detailed reports on a distributed blockchain that aids smart contracts and DApps, as well as a scaling solution for Ethereum (ETH). Binance Research is certainly not the initial venture from the crypto exchange to move outside its original mandate.
In early October, Binance announced that all charges related to listing would be donated to charities, and developers would be able to mention the amount they are willing to pay for listing, without any minimum fee.
Binance launched the Blockchain Charity Foundation (BCF) following the above discussed news. BCF initially used its funding platform to raise money for the victims of the East Uganda floods and landslides. The platform receives Bitcoin( BTC), ETH and Binance Coin( BNB) donations.
Last month, Binance’s venture wing Binance Labs also contributed millions of dollars in the decentralized digital content ecosystem Contentos, which will build a decentralized ecosystem that is meant to offer lucidity and content monetization, devoid of censorship or content deletion by third parties. Binance, founded in China in 2014, is presently the world’s largest digital exchange based on adjusted daily trading volumes, which, as per CoinMarketCap, amounts to roughly $796 million at the time of writing this article.
Binance has gradually expanded its trade to other countries, recently announcing the launch of its fiat-to-crypto exchange in Uganda, enabling users to purchase two major cryptocurrencies — BTC and ETH— with Ugandan shillings ‘ local fiat currency.
The leading exchange announced in September that private beta tests would test a crypto-fiat exchange in Singapore which is likely to support the local Singapore dollar. In addition, Binance signed a Memorandum of Understanding with the Fintech and Digital Asset Subsidiary of the Malta Stock Exchange, MSX PLC, to launch a trading platform.
In August, Binance LCX, created by a partnership between Binance and the Liechtenstein Cryptoassets Exchange (LCX), launched a Fiat-to-Crypto exchange in Liechtenstein.