Binance Coin (BNB) down by 9.82% even after securing a listing on BQTX

Credit: Pixabay

BQTX Exchange is a peer-to-peer cryptocurrency trading and exchange platform. It’s innovative because it includes Hedge trading capabilities.

BQTX wants to become the place in which skilled cryptocurrency traders come together to create a community of experts who can take advantage of the full platform thus succeeding financially, help other fellow traders in becoming competent in trading and investing in the cryptosphere, and have the network help the crypto verse as a whole.

The platform is a secure, interactive, and versatile P2P trading ecosystem with an intuitive, user-friendly interface in which customers can carry out several kinds of transactions, market orders, value transfers. It supports many digital assets as well as derivatives and other, more advanced, financial instruments.

In BQTX, the latest crypto exchange that lists Binance Coin (BNB), you can trade globally your digital coins interacting directly with other traders that are everywhere on the planet. You can also share experiences, expectations, and become part of an active community of experts.

The Hedge Trade system is the platform’s flag technology. It allows users to leverage holdings of many cryptocurrencies. It’s flexible for traders to buy crypto coins for a short time using an escrow for their digital wealth. It is revolutionary, and it allows for crypto traders to take advantage of leveraged trade without the need for traditional margin trading.

The platform is listing a new cryptocurrency: The Binance coin (BNB)

BNB is a fantastic asset. Binance coin was created by the Binance trading and exchange platform (the largest in the world) to fuel and lubricate its blockchain. It started life as a coin that was going to serve the internal needs of a trading website.

Then something happened. Binance’s daily trading volumes are very high. Thus the volumes created demand for BNB withing the site and soon every user was holding some. And that demand ended up boosting BNB’s performance in the cryptocurrency market at large, outside of its original scope.

Binance’s native cryptocurrency has become one of the most profitable and reliable in the cryptosphere. Last year, as we were all experiencing the crypto winter, and we were seeing how every coin in the market was losing value quickly, BNB kept rising in price. It was unique in crypto. It was (and remains) a coin for servicing a particular project that went global.

BQT announced the new move through its Twitter account in very optimistic terms:

Binance Coin is trading at $28.10 as we write this. It’s still lost 0.93% against bitcoin and 9.81% against the USD. It’s the sixth cryptocurrency by market capitalization at USD 4 billion.

BQTX choice of the new coin is indeed an excellent idea. It’s not only one of the world’s top ten, but also one of the most reliable, profitable and, above all, one of the world’s most useful.

We wish both BQTX, its users, and BNB holders the best of lucks. But BNB has a proven track record; luck is entirely beside the point.

Disclaimer: The presented information is subjected to market condition 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.

Naveed Iqbal: A crypto nerd, internet security wizard. Believer of 'decentralization' in real. Love helping others and spreading information worth sharing.