Binance Coin (BNB) lost $1.5 billion market cap in just 24h. No, there is no witchcraft involved – it all comes down to Binance’s decision on chopping the number of tokens in circulation and CoinMarketCap’s re-evaluation of BNB market cap.
It is expected that quite soon Binance will launch its crypto exchange in South Korea. The company is already looking for a Compliance Officer to work in Seoul.
This will be for the first time that any crypto platform is launching futures contracts for pre-launched assets. Each DOT token is available at $75 and can be purchased using CoinFLEX’s native FLEX tokens.
Binance has reported the successful completion of scheduled Binance Chain Mainnet ‘Galileo’ hardfork upgrade that took place at block height 20,300,000.
Since the token burn, BNB price has dropped from around $32 per token, to close to $28.3 per token at press time, according to CoinMarketCap. This is a drop of around 7%.
At Binance’s 2nd anniversary’s AMA, Changpeng Zhao spoke about the extension of their 25% trading fee discount and the team’s commitment of BNB allocations to the token burn. Also, he announced testing of Binance Futures and providing Binance Visa card.
Binance users are now able to trade some cryptos on margin, using the exchange’s newly launched trading platform. The new service is paired with the existing cryptocurrency exchange under one platform, labeled Binance 2.0.
The global cryptocurrency exchange and blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement, Binance, today announced the launch of its Margin Trading platform.
Crypto trader, analyst and enthusiastic blogger takes a look at what hides behind the scenes of Binance Coin’s recent growth, sharing what is expected for the 7th highest ranked coin in the future.
Binance has launched a new Fiat-to-Crypto Platform in Singapore called Binance SG. The Changpeng Zhao-led firm partnered with Vertex Ventures for this and to also grow the cryptocurrency and blockchain ecosystem in Singapore.