Binance announced today that it will support integration with the Conflux Network (CFX) mainnet. Upon completion, Binance will enable CFX token deposits and withdrawals via Conflux eSpace, Conflux Core Space, and BNB Smart Chain (BEP20). The exact timeline for enabling mainnet CFX transactions will be shared in a follow-up announcement.
👉 Stay updated on Binance's latest integrations
Key Developments Driving CFX's Rally
- Hong Kong's Crypto Regulatory Boost:
Recent favorable virtual asset regulations in Hong Kong have propelled "Hong Kong concept coins" like CFX. - Blockchain SIM Card Pilot:
Conflux partnered with China Telecom to launch Hong Kong's first Blockchain SIM (BSIM) pilot, fueling CFX's upward momentum. Price Action:
- 9-hour surge: Peaked at **$0.4477** (21% increase from $0.37).
- 24-hour gain: 15%, trading at $0.4327 at press time.
- YTD growth: Over 1,900% since January.
Conflux’s Strategic Milestones
- $10M Funding (March 2023):
DWF Labs invested fully, pushing Conflux’s total funding past $50M. Funds will expand tech and user outreach. - Uniswap V3 Proposal:
A plan to deploy Uniswap V3 on Conflux aims to onboard millions of new users, especially in China and Asia. - Government Backing:
Shanghai officials injected $5M+ in 2021, affirming Conflux as China’s only compliant permissionless blockchain.
Quote: Conflux co-founder Long Fan emphasized, "We’ve never conducted an ICO. Our growth aligns with regulatory frameworks."
FAQs
Q: Why is CFX surging?
A: Combined factors: Hong Kong’s pro-crypto policies, BSIM pilot, and Binance’s mainnet integration.
Q: What’s next for Conflux?
A: Expanding ecosystems under Hong Kong’s Web3 policies and scaling technical capabilities.
Q: Is CFX mining still profitable?
A: Earlier GPU mining demand spiked, but post-merge profitability depends on network usage.
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