Binance Gives The Thumbs Up For This Altcoin: It’s In The Cart!

Binance Custody has announced its plans to integrate with one of the biggest DeFi players in the market. Now, institutional investors will be able to keep their wallets on faith with Binance Custody.

Binance Custody adds this altcoin to its institutional custody solutions

Binance Custody, an enterprise-grade cryptocurrency custody solution, announced its integration with the NEAR Protocol (NEAR). Institutional investors can now faithfully store their NEAR balances on Binance Custody. The exchange also said that it will support other NEP-141 compliant tokens along with NEAR. Thus, after the integration is complete, Binance’s corporate custody solutions will also include NEAR-based tokens.

NEP-141 is a standard that specifies how NEAR-based tokens should be stolen. It makes it easier for users and developers to understand. However, it provides more cost-effective and more efficient processes. NEP-141 differs from the previous version, NEP-21, with a number of features. Binance Custody, which has been offering institutional custody solutions since December 2021, currently guarantees over 230 cryptocurrencies along with NEAR. In the midst of this, the leading exchange announced last February that it has boosted the following cryptocurrencies:

  • Shiba Inu (SHIB)
  • Audius (AUDIO)
  • Perpetual Protocol (PERP)
  • SKALE Network (SKL)
  • Injective (INJ)

NEAR wallet users exceed 20 million

The number of users using Near Protocol’s wallet continues to increase rapidly. This is one of the biggest proofs that the project has grown despite the crypto winter. At the beginning of this year, only 2 million people were using NEAR Wallet. However, that number had grown to more than 20 million users by November, marking the wallet’s growth tenfold in less than a year. Using a proof-of-stake consensus to secure and verify blockchain processes, NEAR currently hosts more than 800 projects.

Koindeks.comWe have reviewed the NEAR Protocol with all its aspects in this article.

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