Cryptocurrency Q&A
What is the Beth in crypto?
What is the Beth in crypto?
GangnamGlamour
Fri Jun 21 2024
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6 answers
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As a keen observer of the cryptocurrency landscape, I've often come across references to 'Beth' in various discussions and articles. Could you elaborate on what 'Beth' represents in the crypto community? Is it a specific coin, a unit of measurement, or perhaps a colloquial term for something else entirely? Understanding the nuances of the crypto world is crucial, and I'd appreciate your insights on this particular aspect.
6 answers
Chiara
Sun Jun 23 2024
BETH, a novel wrapped token (BToken), has been introduced by Binance, maintaining a 1:1 peg to ETH on the Ethereum blockchain.
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Emanuele
Sat Jun 22 2024
Additionally, the 1:1 pegging to ETH ensures that BETH retains the same value as ETH, providing users with a safe and secure way to manage their holdings during this period.
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GalaxyWhisper
Sat Jun 22 2024
The issuance of BETH aims to cater to the needs of users who trade or hold ETH on the Binance platform.
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HanjiHandiwork
Sat Jun 22 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot, futures, and wallet facilities. These services cater to the diverse needs of cryptocurrency traders and investors, providing a comprehensive platform for managing their digital assets.
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TimeRippleOcean
Sat Jun 22 2024
Specifically, during the 18-24 months required for locking Ethereum on-chain, Binance provides an alternative through BETH, allowing users continued access and utilization of their ETH holdings.
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