Binance Releases New Feature, Can It Support All Ethereum Tokens?

Binance releases new features. (Binance)

JAKARTA – Binance announced that they have released their latest feature which allows connecting BNB Chain with other networks. The latest feature is called Binance Bridge 2.0 which was released on Tuesday, March 29.

“With Binance Bridge 2.0, you can expect to bridge more tokens, including some tokens that are not listed on the exchange,” reads a statement on the official Binance blog.

Reporting from U.Today, Binance Bridge 2.0 will support almost all Ethereum native tokens. Through the Binance application, users will be able to access traditional centralized finance (CeFi) and decentralized finance (DeFi) through the bridge.

The modified blockchain bridge from the previous version introduces a new mechanism for linking registered and non-Ethereum tokens to the BNB Smart Chain (BSC) known as BTokens. These tokens can later be used with the BNB Chain ecosystem to explore DeFi, blockchain games, the metaverse, and more. A blockchain bridge is a connection that allows arbitrary transfer of tokens and/or data from one chain to another.

For information, Binance changed its main network to BNB Chain last February. The change is part of their ambition to become a premier blockchain infrastructure provider. The bridge feature itself is an important part of the effort to allow users and developers to integrate other tokens into the Binance ecosystem.

Will Integrate the Economic Sector into Crypto

Binance CEO Changpeng Zhao told the media that his company will have a deal that integrates various sectors of the economy into crypto. in addition, earlier this March they announced that they had been granted a license to carry out several operations in Dubai. The granting of this license after Dubai established the Virtual Asset Regulatory Authority (VARA) which governs Virtual Asset Licensing.