On Wednesday, February 6, U.Today reported that BNB (Binance Coin), the native coin of the world’s largest crypto exchange, became the member of the top-ten list, having pushed out Cardano and Bitcoin Cash SV from their spots. Now BNB is in position #10.
The Binance team has suggested several reasons, how the recent Binance activities had pushed the situation to the current state of affairs.
Binance was launched just a couple of years ago but has managed to become the largest global exchange by trading volumes. Its BNB is already implemented by numerous services and platforms already, providing a great many of use cases for it.
Binance global expansion, fiat platforms, institutional investors
Binance is by itself quite popular. However, they have been making an aggressive expansion recently, setting up a Singapore-based fiat-to-crypto exchange and planning to open similar one titled Binance Uganda and Binance Jersey later this year, thus expanding their user-base.
For institutional investors, Binance have opened a system of sub accounts for over-the-counter trading. Besides, all Binance users can now buy crypto using their bank cards.
ICOs on Binance Launchpad, BNB Charity
At the end of 2018, Binance presented to its community a new platform for helping new promising crypto projects take off – Binance Launchpad. A few successful ICOs have already taken place their, including the BitTorrent one (BTT), which was over in 18 minutes, leaving the majority of investors angry and unsatisfied though – due to technical issues. Many of them after that began accusing Binance and Tron in being a scam.
Also Binance became famous for its charity activities in 2018. In summer together with Tron raised substantial amounts of crypto, mainly in BNB, and transferred them to the victims of floods in Japan.