Share this article
Binance Jersey Lists Exchange's New UK Pound-Backed Stablecoin
The Jersey arm of Binance has listed the cryptocurrency exchange's own British pound-backed stablecoin, BGBP.
Updated Sep 13, 2021, 11:12 a.m. Published Jul 19, 2019, 12:11 p.m.
The Jersey arm of Binance has listed the cryptocurrency exchange's own British pound-backed stablecoin.
Binance announced Friday that Binance GBP (BGBP) is being offered on the fiat-to-crypto platform due to trader demand for more stablecoin options.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin, and listing BGBP is in response to it,” said Binance CFO Wei Zhou.
Binance Jersey launched back in January to offer trading in bitcoin and ethereum against the British pound and the euro. Jersey is a British self-governing dependency.
The Jersey platform expects to add more cryptocurrencies in the future, while further developing the platform’s technology and customer experience, the exchange said.
Binance is also expected to launch more fiat-based stablecoins going forward, and has also started rolling out tokens pegged to cryptocurrencies like bitcoin.
Binance image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ETH, ADA, XRP Lead Gains as Bitcoin Edges Higher on Fed Rate Cut Expectations
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
What to know:
- Bitcoin traded above $91,300 as Asian equities opened higher, with markets anticipating a Federal Reserve rate cut.
- Bitcoin rose 2% in 24 hours, facing resistance near $94,000, while Ether gained 3% to $3,135.
- Despite crypto market gains, sentiment remains cautious, with potential for a deeper slowdown without new liquidity.
Top Stories
