Binance, Exchanges

Is SXP Owned by Binance?

SXP is the native token of Swipe, a cryptocurrency wallet and debit card provider. The company was founded in 2018 and is headquartered in London, UK.

Swipe is a subsidiary of Binance, one of the world’s largest cryptocurrency exchanges. Binance acquired Swipe in July 2019.

SXP is available for purchase on a number of exchanges, including Binance. SXP can also be bought with fiat currencies on the Swipe Wallet app.

NOTE: WARNING: It is important to note that SXP (Swipe) is NOT owned by Binance. Swipe is an independent company and they have a strategic partnership with Binance which allows SXP holders to access Binance services. Any investment decisions should be done after thorough research and consideration of the risks involved.

SXP is used to power the Swipe network and is used to pay for transaction fees on the Swipe Card. SXP can also be staked to earn interest on your balance.

Swipe has plans to launch its own decentralized exchange (DEX), which will use SXP as its native token. The DEX will allow users to trade a variety of assets, including cryptocurrencies, fiat currencies, and commodities.

No, SXP is not owned by Binance. However, Binance does own a majority stake in Swipe, the company that issues SXP.

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