Binance Supports First Live Property Auction Using BTC and BNB
Binance has announced the first live property auction using BTC and BNB. | Source: Shutterstock
Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB).
On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB.
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CEO of JPA and head auctioneer James Pratt said his company is excited to embrace cryptocurrency:
This process gives the consumer another option to consider when purchasing real estate. For the vendor, it can help attract a whole new kind of buyer … There is a large audience internationally excited by this.
BNB – Real World Use?
Founder and CEO of Binance Changpeng Zhao tweeted about the auction, utilizing the hashtag #useBNB. TrigonTrading, a Queensland-based exchange specializing in high-volume, over-the-counter (OTC) trades, says it will help facilitate the auction and sale.
— CZ Binance (@cz_binance) March 11, 2019
While this isn’t the first property to be bought with crypto,