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Binance CEO Announces World's First Live Crypto Property Auction


CZ, the CEO of Binance, recently tweeted that the world’s first live property auction using cryptos will take place next month.

Make Payments With Binance Coin (BNB) & Bitcoin (BTC)

The auction will commence on April 8th 2019. As per the blogpost on, the auction will use a borderless payment system. Per the blogpost, James Pratt Auction will conduct the onsite auction. The auction is said to set unprecedented standards in design excellence, liveability and engineering.

Trigon Trading a firm that facilitates high volume over-the-counter (OTC) trades in bitcoin, ether, litecoin, and XRP, will be assisting NuYen exchange in settling the BTC to Australian dollars (AUD) real estate auction.

The blog post further mentions “the 412\m2 elongated residence balances bold elements with timeless materials.” Some features of the property include:

“a soccer pitch”,

“in-ground trampoline”,

“gated beach access”,

“covered alfresco entertaining terrace”,

“outdoor shower”,

“a 25m heated lap pool with an adjustable Olympic-grade starting block and black-tiled lane markings.”

Property On Sale

The beachfront residence located on 1 Beech Lane, Casuanna, New South Wales (NSW), draws inspiration from Google Architecture. The property has been built per futuristic design needs, where buildings are geometrical in shape and use glass, concrete and steel.

CZ clarified on Twitter that the residence is not a house owned by Binance. And, in fact, he really liked the property.

Expressing his enthusiasm on the listing, Twitter user rallyqt (@rallyqt) wrote:

“This house is futuristic! It’s for sale for 471 Bitcoins $BTC (appr. $1.8 million at current prices) or I’m guessing ~200K Binance coin $BNB. The crypto price is way cheaper than fiat price. Nice.”

Meanwhile, Brad Laurie, an Australian resident who educates users about cryptos on his Youtube channel remarked:

"I actually have seen this house for sale for a while now, (it's down the hill and road for me in Australia). Imagine @cz_binance in a decade. When it was first advertised it was just in $BTC so this addition of $BNB is interesting."

Yesterday, CoinMarketFeed reported, Binance Labs, the research and investment arm of cryptocurrency exchange Binance, has recently chosen Buenos Aires, the Capital of Argentina as the Latin American hub of the Binance Labs Incubation Program.