The social trading platform, eToro has announced that it has become the first investment platform to support Binance Coin (BNB). The CEO of Binance, Changpeng Zhao commented, “We are honored and excited to be listed on eToro. With this addition, the Binance coin can reach millions of more people, many of whom are more accustomed to the traditional financial industry.”
The Binance has revealed the launch of Blockchain Charity Foundation (BCF) at the UNCTAD World Investment Forum. The platform would accept donations in BNB, Bitcoin, and Ethereum. It is also expected to extend to Eastern Uganda in order to support the victims of floods and landslides. The platform is aimed to bring transparency and accountability.
The Binance crypto exchange has recently listed Paxos Standard Token (PAX) on its platform. The token is to be traded against Binance Coin (BNB), and Bitcoin (BTC). Reportedly, PAX is the third stablecoin listed on the platform with already existing TrueUSD and Tether. The trading of PAX tokens is not currently available. However, the exchange has opened PAX deposits.
Binance exchange has introduced trading of Tron against the native coin of the exchange, BNB. The trading pair inclusion was revealed through a tweet made by the exchange. The founder of the Tron Foundation also tweeted, “Another new trading pair TRX/ BNB was added at Binance.” Previously, TRX was also added to the Bittrex platform.
Binance is currently paying 90% of its employees in Binance Coin (BNB). The CEO of Binance, Changpeng Zhao shares with the founder of TechCrunch, Michael Arrington, that most of the employees of Binance volunteered themselves to be paid in the company’s native cryptocurrency instead of fiat currency. Arrington then spread the information through a tweet.
Pundi X Labs, the blockchain startup, has announced that the Binance Coin (BNB) would be available on the point-of-sale (POS) machines. It helps the users to purchase goods using the BNB token. The CEO of the company expressed, “Proud to have a token of this stature included among the first dozen for listing on the XPOS.”
Nexo, a fintech group supported by Credissimo, declared the acceptance of Binance Coin (BNB) as collateral for crypto-backed loans. Nexo acknowledging the preference of the customers has embraced Binance’s native in the crypto loan plan. Over three months, the coin has encountered maximum price fluctuations. Currently, the BNB is at $14.92.
Binance Coin (BNB) secures the eighteenth place concerning the market cap. The cryptocurrency is being used to pay for the services rendered by Binance exchange. The value is ‘up by 14% against USD and 15% against Bitcoin’, as reported. The exchange has been processing BNB payments on 50% flat discounts over its fees which contributed to the increasing demand.