Attention Binance Users! New Crypto Feature Announced Coming Soon
Binance, the world’s largest cryptocurrency exchange, is preparing to enter the prediction market sector.
According to recent reports, Binance Wallet has announced the launch of its prediction market service. This means Binance is testing a prediction market feature within its app and joining a growing list of crypto exchanges entering this emerging sector.
In an official statement, Binance Wallet said it will onboard third-party providers and has partnered with Predict.fun — a protocol built on BNB Smart Chain — to integrate prediction markets into Binance Wallet. Accordingly, a prediction market will be launched with Predict.fun acting as the provider.
Users will be able to participate in various bets created on Predict.fun, a decentralized protocol built on BNB Smart Chain (BSC). This feature will allow users to bet on future outcomes in areas such as sports, economics, global events, culture, and cryptocurrencies.
All transactions will be conducted using Tether (USDT). Depending on local regulations, access to the service may be restricted.
With the introduction of this feature, users will need to create a separate dedicated prediction account designed for trading event contracts, distinct from their spot trading accounts.
However, it remains unclear when Binance will officially launch this feature and in which jurisdictions it will be available.
This move comes as many major global crypto exchanges are entering the prediction market space. Notably, in January Coinbase partnered with Kalshi to expand its prediction market services across the U.S. Meanwhile, in February Crypto.com launched its own standalone prediction market platform called OG.
See also: "Aave launches on X Layer and enables on-chain lending for OKX Wallet users"
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