Decentralised cryptocurrency exchange THORChain plans to include the BNB Smart Chain (BSC) blockchain in its system.
This integration is key to the functioning of the decentralised financial infrastructure, providing a secure and neutral connection between Bitcoin, Ethereum, Cosmos, BNB and other cryptocurrencies.
In a statement released by THORChain, it said the move would create its own gateway between these ecosystems.
Thanks to the link to the Binance blockchain, THORChain users can now trade coins issued on BSC and be rewarded for doing so. Liquidity providers receive returns of between 2.66% and 5.18% per annum, although the US Securities and Exchange Commission has accused Binance of illegal securities trading and defrauding customers by bringing 13 separate charges related to the use of the BNB Chain network that issues cryptocurrencies such as BNB and BUSD, yet THORChain node owners have supported the BSC connection.