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Binance Coin Hits New All-Time High as BNB Now Available in India
Binance Coin is showing a massive rise by 7.70 percent. For several consequential months, BNB has been rising almost non-stop with hardly any significant corrections, while the rest of the market has been going up and then down.
Even though the coin is still in position 7 on CoinMarketCap with EOS in front of it and BSV right behind, its market stance keeps improving.
India has full access to BNB now
On Thursday, CZ Binance spread the word on Twitter that BNB deposits had been enabled on the Indian exchange Bitbns, which now makes BNB available to over 1.35 bln people.
Opens the door to another 1.37 billion people. #usebnb #buybnb https://t.co/ayqIU1ZdNG
— CZ Binance (@cz_binance) June 20, 2019
The current official Indian policy is anti-crypto, however, the government is a great supporter of blockchain, similar to China and Russia. The fact that BNB has managed to get into the Indian market is a major milestone both for BNB itself and crypto.
Earlier this week, U.Today reported that BNB has also been listed by KuCoin exchange. Now, Bitmex, Gate and KuCoin are ensuring a BNB trading volume of $17.6 mln. Only 7.5 percent of this takes place on Binance itself.
Bitmax, Kucoin and Gate do combined $17.6 million of $BNB trading volume. That is almost 7.5% of the $BNB volume on https://t.co/xfIyIeWTJb.
— Gautam Chhugani (@GautamChhugani) June 20, 2019
Important metric to track $BNB diversification across exchanges.
KuCoin might have shown some other exchanges a smart growth hack.
New BNB all-time high
Recently, Binance has been taking new milestones, continuing with its aggressive global expansion. Earlier, U.Today wrote that Binance is planning to launch a Binance US branch soon and along with this – give up servicing US customers on Binance by early September for reasons to do with regulation.
This promises much bigger trading volumes for BNB and a whole new market, along with additional liquidity for the asset. Besides, the recent BNB listing on KuCoin is also going to give BNB extra liquidity.
At press time, BNB is trading at $37.41, which should make BNB holders rejoice.
We did it! ?? We broke a ATH $BNB pic.twitter.com/xK0H8QO1W4
— Wahid Fayad ⚡ (@wahidsvlogs) June 20, 2019
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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