JEX will join the Binance ecosystem

Binance acquires crypto asset trading platform. Source:?shutterstock.com

Binance announced the acquisition of?JEX, a crypto-asset trading platform offering spot and derivatives trading services. JEX will join the Binance ecosystem as Binance JEX and focus on further building the crypto-asset derivatives market, providing Binance users with professional services including futures contracts, options, and other derivative products.

Through this acquisition, Binance will manage the JEX team and the JEX tokens run by its Foundation, introducing more utility to the JEX token. In a longer term, JEX tokens will be gradually distributed to all users via marketing activities and community incentives; subsequently, the tokens will be gradually retrieved and burned in various forms including trading commission deductions and so on.

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