Binance Exchange Acquires JEX Trading Platform

Binance Exchange Acquires JEX Trading Platform

This Monday, the Binance cryptocurrency exchange acquired the JEX trading platform, which provides its customers with spot and derivative trading opportunities.

“The JEX platform will become part of the Binance ecosystem and will further develop the cryptocurrency derivatives market. Binance JEX will provide professional services to users of the Binance ecosystem, including futures contracts, options and other derivative products, ”says the Binance website.

According to the terms of the transaction, the JEX team will transfer to Binance. In addition, Binance will receive all JEX-controlled tokens, which in the long term will be distributed to users through marketing companies.

However, over time, Binance plans to completely withdraw JEX tokens from circulation – the exchange will charge them from users to pay commissions for transactions on the platform. According to the CoinGecko portal, after this announcement, the price of JEX tokens increased by 62%.

Recall that a few days ago, Binance introduced a developer platform called Binance X to develop its cryptocurrency ecosystem. In addition, Binance announced the launch of two new futures platforms, one of which is based on JEX technology.


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