Binance Coin [BNB] Soars High Amidst Positive Developments, Climbs Up To 14th Position

In the list of over 2000 cryptocurrencies listed on Coinmarketcap, Binance Coin (BNB) has become top 20. In a recent tweet, Binance exposed that BNB has become the 14th most valued cryptocurrency by market capitalization, which currently stands at over $1.2 billion.
BNB is Binance’s native coin with numerous use cases for holders.

The cryptocurrency can be used for paying the trading charge on Binance, spending on goods and services with Binance’s partner merchants and establishments, using as a gift token on social media services. Coinmarketcap 24-hour trading volume rankings for cryptocurrency exchanges show Binance at the topmost position, as the greatest exchange by trading volume.

For making multi-million dollar venture capital investments it moved from its headquarters in Malta. For Binance, 2018 has been a busy year. In March 2018 the company formally announced that it is moving its processes to Malta.

The choice to make this move came as a reply to the warning about the absence of an operating license from Japan’s financial watchdog, Financial Security Agency (FSA). In Malta, the company received a huge acceptance from the Maltese Prime Minister and leader of the Labour Party, Joseph Muscat. As per the news published in Altcoin Today, last week Binance had announced that it has invested over USD$2.5 million in TravelbyBit, close to 10 million users with few places at which to spend their digital currency.

Binance, has been involved in charity initiatives. It collaborated with Maltese President’s Trust to create the Blockchain Charity Foundation in July. The company also participated in a major M&A for the first time, this year. At present, the company is working on a decentralized crypto exchange which is expected to launch in the Q1 of 2019. As per News BTC, Binance coin bnb acquired the cryptocurrency wallet provider and decentralized-application browser.

The post Binance Coin [BNB] Soars High Amidst Positive Developments, Climbs Up To 14th Position appeared first on OWLT Market.

from OWLT Market https://ift.tt/2Rwqold
via IFTTThttps://ift.tt/2OlCCL9