Binance CEO Encourages Coin Adoption Citing Litecoin Partnership With CU Entertainment Global

By Tabassum
Published February 28, 2019 Updated February 28, 2019
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Binance CEO Encourages Coin Adoption Citing Litecoin Partnership With CU Entertainment Global

By Tabassum
Published February 28, 2019 Updated February 28, 2019

This week, the average trading volume of few cryptocurrencies are running on a peak – which is perhaps influencing the market cap of other coins as well. In fact, the XRP listing on Coinbase Pro, Decentaland’s boost from HTC partnership and very latest, LTC partnership with CU Entertainment Global are encouraging the daily trading volume of the respective currencies and other coins in addition.

CZ Talks About Coin Adoption

Addressing the similar context, Changpeng Zhao or CZ, the founder of the largest cryptocurrency exchange, Binance is bullish on coin adoption globally. As such, concerning the latest headlines of ‘Litecoin’s move towards the entertainment industry’, CZ says;

To note, LTC at press time ranks #5, trading at $45.98 with the rising volume of 1.16 percent over the past 24 hours. In particular, the average trading volume of LTC counts $2,789,200,518 – graph as per coinmarketcap is shown below

Purchasing Ultra VIP Tickets Using LTC

To note, the Litecoin foundation has recently announced that they’re tieing up with CU Entertainment, K-P0p concert production company that aims to promote LTC through famous personalities from Entertainment industry. The upcoming K-Pop concern will be happening on April 6, 2019, at the EagleBank Arena on the campus of George Mason University, wherein South Korean K-Pop artists including Kim Jong Kook, Ailee, WheeSung, Huh Gak and Skull will make the debut.

Per the Litecoin Foundation partnership announcement, folks can reserve Ultra VIP tickets using the fifth largest crypto token, LTC. However, the tickets are not yet placed on sale, but it will be made possible only via Litecoin Foundation website.

Furthermore, its quite important to note that – along with LTC, other cryptocurrencies such as Ethereum (ETH), EOS (EOS), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Monero (XMR) and other cryptocurrencies have also turned green slightly.

CZ Congratulating on Coinbase Pro’s XRP Listing

Speaking about the adoption, CZ’s view on XRP listing by Coinbase Pro cannot go unnoticed – indeed, he took to Twitter and states ‘The more adoption, the better, and the faster thing move around the world. It’s spreading’.

On top of all, HTC Exodus, the blockchain phone had announced on Twitter that it is supporting BNB on its purchase. Adoption of these coins beyond crypto industry has influenced the market cap of other cryptocurrencies along with the respective tokens, that are getting adopted.

So readers, what’s your stake on the XRP listing by Coinbase Pro, LTC to purchase VIP tickets in the entertainment industry, BNB in mobile phone era and other announcements as such? Do you agree with CZ’s view of one coin’s adoption influence the value of others? Share your opinion with us.


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
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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]

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