The CEO of Binance, Changpeng Zhao, has always encouraged crypto enthusiasts and developers to continue building on the blockchain rather than concentrating on the price of Bitcoin (BTC). His words have become more relevant especially with the current bear market that has seen the crypto markets continue to decline with many crypto traders wondering when the infamous BTC bottom will be reached.
Binance Upgrades Its Mobile Trading App to Include Price Alerts
For the avid Binance trader who likes to be up to date with the prices of their favorite cryptocurrencies, the team at the exchange has recently released a new upgrade to its mobile trading app that now has price alerts.
The new feature is located at the bottom left corner of the charting page of each trading pair. It allows users to set alerts for specific trading pairs that the user wishes to receive notifications. Once the set value or price of the coin is reached, the mobile app notifies the user who then decides on whether to buy or sell the digital asset.
Next to the price alert feature, is a currency conversion tab that allows users from across the globe to view the value of their favorite cryptocurrencies in the following regular fiat currencies:
- Korean Won (KRW)
- Japanese Yen (JPY)
- Euro (EUR)
- British Pund(GBP)
- United States Dollar (USD)
- Russian Ruble (RUB)
- Chinese Yuan (CNY)
A screenshot highlighting the new features on the Binance trading app has been provided below for a better visualization.
Binance Continually Requesting Feedback from Users
The new feature might have been as a result of the voluntary surveys the exchange requests its users to fill out in an effort to further make the platform better. Binance has been long known to always listen its clients/users and their suggestions.
Anticipated Binance Chain and Decentralized Exchange
The team at Binance has also been busy building the Binance Chain that will allow BNB to migrate onto its own blockchain. This in turn means that the new platform will have an avenue for token creation for crowdfunding efforts (ICOs). The DEX is also under development and will use BNB asa means of paying trading fees.
Plans for both the DEX and Binance Chain were made public by the exchange back in March this year. The team reconfirmed their building efforts in a December 4th tweet that can be found below.
#Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens. @cz_binance @ForbesAsia #ForbesBlockchain pic.twitter.com/0pc0r1lXd2
— Binance (@binance) December 4, 2018
What are your thoughts on the new price alert feature on the mobile trading app by Binance? Is it a useful tool to have? Please let us know in the comment section below.