BitMart is a global trading platform created by cryptocurrency enthusiasts. The BitMart Foundation has offices worldwide but is registered within the Cayman Islands. The platform delivers spot trading, OTC trading, futures contract trading, and other services for digital assets.
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On Tuesday last week, BitMart announced that Binance coin will now be traded on its exchange and the trading pairs will be BNB/BTC and BNB/USDT respectively.
The website of BitMart elaborated on why Binance coin (BNB) was listed on their platform:
We are making this decision according to BitMart Listing Criteria and the local rules and regulations in areas where we operate…We are persuaded that BNB…is structured and promoted as “Utility Token”, and therefore, should be not categorized as “Security” .