Binance adds Bitcoin Cash Liquidity Pools
Some good news for Bitcoin Cash community and holders. According to the latest announcement posted by Binance, the Exchange is adding Bitcoin Cash liquidity pools.
Binance is the largest and most established crypto Exchange globally, while its token BNB is the third largest per marketcap after Bitcoin and Ethereum (excluding stablecoins). Forbers has named Binance at the top of its crypto exchanges list due to its low fees, broad range of cryptocurrencies listed, the easiness that the platform can be used by both casual crypto fans and advanced traders, the Binance Academy and other factors.
If you have not registered yet a Binance account you can do so through this link
The three Bitcoin Cash pairs that were opened in the liquidity pools include;
Bitcoin Cash (BCH) - Bitcoin (BTC)
Bitcoin Cash (BCH) - Binance Coin (BNB) - Binance's native token
Bitcoin Cash (BCH) USD Tether (USDT)
This gives another alternative for Bitcoin Cash holders to deposit their funds and rewards from Noise Cash and Read.Cash. Until now, Nexo and Celsius have been the two most favourite wallets due to the interest rate they offered, but if done right and by knowing some of the risks of putting your funds in liquidity pools, this could be another opportunity for passive income.
If you want to know more how to use liquidity pools in Binance you can follow this link https://www.binance.com/en/support/announcement/0a47c360fc9c406888ae6b285ff68650
