RATE Group | Binance planning to launch ‘Venus,’ similar to Facebook’s upcoming cryptocurrency Libra
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Binance planning to launch ‘Venus,’ similar to Facebook’s upcoming cryptocurrency Libra

19 Aug Binance planning to launch ‘Venus,’ similar to Facebook’s upcoming cryptocurrency Libra

Posted at 07:34h in Cryptocurrency News by

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Quick Take

  • Crypto exchange Binance has announced the plan of launching “Venus” cryptocurrency 
  • The exchange defines Venus as “regional version of Libra” 


The world’s largest cryptocurrency exchange Binance is planning to launch “Venus,” calling it an “independent regional version of Libra,” according to an announcement Monday. 

Binance said it is going to launch Venus cryptocurrency because it has a presence in several countries, has its native blockchain Binance Chain in place, as well as it hopes to break the “financial hegemony” and reshape the world’s financial system.

Binance believes that Libra is growing at an “exponential rate” and will reshape the world financial system, bringing changes more than the Internet. “Instead of resisting change and losing the opportunity, it is better to embrace change. […] At the same time, ‘Libra’ needs to…

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