The cryptocurrency market has been a cauldron for many new tokens, with a majority of them breaking into the mainstream market. One of the most famous examples of this is Binance’s Binance Token [BNB]. The cryptocurrency released by the Changpeng Zhao led company has multiplied in terms of value since its inception, and holders have raved about it for some time now.
In a new series of announcements, the CEO shared the cryptocurrency’s new playground by informing users of BNB’s latest integrations with Coinhe.io, a popular cryptocurrency exchange. CoinHe.io’s original statement had read:
“http://CoinHe.io has listed @Binance’s BNB with USDT, BTC, and VCC pairs. Users can deposit/withdraw BNB by using CoinHe VNĐ fiat gateway. #UseBNBCoinHe will waive VCC-BNB trading fees for 3 days with a further 50% off for the 2 weeks following: http://bit.ly/bnb-coinhe.”
Post the exchange’s announcement, CZ had pitched in by tweeting:
“#bnb going further than Binance. Many thanks to @Coinheglobal!”
The latest report was met with a split review from its user base, with some claiming that the listing will pave a better way for BNB while some others called the development “lame.” The exchange, however, has been all praise for Binance’s native cryptocurrency and has promised users of better transaction experience.
Binance has been in the news multiple times for its slew of updates and developments, and the CoinHe.io announcement has been one of many in accomplishing Binance’s stipulated roadmap.
BNB is known to power the Binance ecosystem, and as the native coin of the Binance Chain, BNB has had multiple use cases, ranging from fuelling transactions on the Chain, making in-store payments and paying for transaction fees on the exchange itself.
At press time, Binance Coin was trading for $16.96 with a total market cap of $2.637 billion. The cryptocurrency also held a 24-hour market volume of $245.539 million after a 2.42 percent price drop in the 24-hour timeframe. Binance was also in the news recently when it listed an XRP pegged token on the Binance DEX. The XRP=BF2 will be pegged to and backed by XRP assets while being issued on the Binance Chain.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.