Binance has announced another project on its Binance Launchpool called Venus. Users will be able to get new token rewards in return for staking BNB, BUSD and SXP tokens.
As Binance’s seeks an opportunity to lure Chinese investors in the OTC cryptocurrency marketplace, it will support fiat-on-ramp through OTC for the Chinese Yuan.
BUSD will be available for direct purchase and redemption 1:1 for U.S. dollars on the Paxos platform and for trading against Bitcoin (BTC), Binance Coin (BNB) and Ripple’s XRP on Binance.com.
