As the 17th cryptocurrency available on Binance's future trading branch, BNB will have 50x leverage, and the supported pair is BNB / Tether (USDT), according to a press release posted on July 7. 02.
BNB price is pumped
Binance's BNB made a lot more USD this month to reach $ 22.16 at the time of writing. Keith Wareing – coinTelegraph trader and analyst, recognized the demand for BNB assets.
“Looking at the volume on Binance, it's clear that they don't have to sell any coins to earn revenue,” Wareing said in a Telegram message, adding:
“Therefore, in the upcoming rally, their position is one of the most secure and reliable exchanges in the space to ensure there is more demand for BNB tokens, so I hope it will. will outperform all other top 10 assets if Bitcoin continues to rise. ”
Crypto Dog – digital asset trader and social media commentator, thinks it is very positive for BNB in a tweet On February 7, he said, “Anyone else like BNB?” A cryptocurrency community group posted a bunch of positive and negative comments in response to Dog's tweet.
Binance is growing rapidly
Binance gained popularity quickly after its launch in 2017. In the summer of 2018, the exchange recorded over $ 1 billion in daily trading volume. Soon after, Binance raised $ 78 million in interest in the first quarter of 2019.
Binance's business size continued to expand throughout the first half of 2019, with millions of dollars through Binance Launchpad for IEO services.
A few months before the launch of the futures trading platform, Binance banned American customers. Since the issuance of the ban, the exchange has opened a branch in the US, as well as developing its own futures platform, offering Bitcoin futures contracts with 125x leverage – significantly faster. with other companies.
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According to CoinTelegraph
Translated by ToiYeuBitcoin