Binance Dedicates Another $1B to Smart Chain Project

Binance Dedicates Another B to Smart Chain Project
Binance is doubling down on its position in Binance Smart Chain (BSC).Binance, the largest cryptocurrency exchange by daily trading volume, announced Tuesday that it had committed $1 billion to further boost BSC’s growth, after it put up $100 million to support decentralized finance (DeFi) projects on BSC a little over a year ago.“BSC’s growth has attracted 100 million more DeFi users with just an initial funding of $100 million,” Binance CEO Changpeng Zhao said in a press release. “With the new contribution of $1 billion, it can disrupt traditional finance and accelerate global mass adoption of digital assets to become…