Coinmarketcap’s 7th largest cryptocurrency, Binance Coin (BNB) and Binance’s native Binance Chain has recently received support from the crypto exchange, KuCoin. The Hong-kong based cryptocurrency exchange, KuCoin broke out an announcement on June 18, 2019, stating that it is listing BNB with pairs of BTC and USDT and the trading will be scheduled to happen from June 19, 2019.
KuCoin Supports Binance Chain and Binance Coin (BNB)
Being the crypto exchange, Binance and KuCoin offer similar crypto trading services and by nature both the exchange appears to be in a competing space. However, the announcement of KuCoin’s supporting BNB impressed the CEO of Binance Exchange Changpeng Zhao/CZ who then took to Twitter and appreciated kuCoin by stating ‘Very smart move from KuCoin to support BinanceChain and BNB’. On June 19, 2019, CZ posted on Twitter;
Very smart move from KuCoin to support #BinanceChain and $BNB.
1. Access to many strong projects already (and will be) on Binance Chain.
2. Attract BNB traders and holders, especially users we had not been able to service. https://t.co/7EX5bC1kAR
— CZ Binance (@cz_binance) June 19, 2019
Currently, KuCoin users can access to deposit and trading service of BNB coins whereas the withdrawal feature will be accessible on June 21, 2019, at 18.00 (UTC+8). While KuCoin began supporting BNB which is the native token of Binance, it’s worth to note that crypto community is questioning CZ and Binance on their plan to list KuCoin’s native token (KCS) on Binance exchange.
Nevertheless, Binance CEO jokingly responded to the ongoing discussion between community which hints KCS to get migrated into BNB chain to get listing support from Binance. As a response, CZ adds, ‘Best answer, lol. That may do it.’
BNB Surges and Tradest At Over $35
Moreover, the price of Binance Coin (BNB) on Coinmarketcap is quite flourishing today with 1.27 percent over the past 24 hours. The coin currently stands as the 7th largest cryptocurrency which valued at $35 against the US dollar and the current market cap counts at $4,961,569,716.
While exchanges like KuCoin finally hit its floor to list BNB, Binance CZ himself is uncertain on BNB’s listing on their new US-based trading platform Binance.US. However, CEO during a live stream on Tuesday states that;
“We’ll work very hard to try to get BNB listed on Binance.US. On the positive side, if you look at Binance Uganda, Binance Jersey, Binance Singapore .. they all have BNB listed already. … But again, until there is an official announcement, we don’t know,”
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com