Launched in July 2017, Binance is the biggest cryptocurrency exchange today. According to the Coinmarketcap, in the past 24-hours it has been managing the daily trading volume of $554 million. Though the trading volume has dropped in response to the ongoing crypto winter, Binance is still maintaining its first place. But how?
It is definitely “Buidl” as Binance CEO, Changpeng Zhao has emphasized on every occasion and this time was no different, “Not humbly, luck, and a LOT of hard work, by the whole team (CEO still working 1:30 AM on a Sun morning, and the team is online), Binance Angels (pure volunteers, not paid), and supporters like the commenters in your tweet…”
However, the crypto community further elaborated on the factors that make Binance so likable among the crypto space.
One Binance enthusiast said in part, “to answer your question on a personal level, Binance released a version of their app that affected color blind people like me. I tweeted to them, they listened and released another version 48 hours later,” which is impressive, to say the least.
Binance CEO himself plays an important role in this as he is the main force behind this exchange along with the team that as he says together focuses on customer services, funds safety or SAFU, and a long list that crypto trader Alex Kruger further shares.
What makes BNB a “Hot” Investment even at AT
It’s not only Binance that is defying the bears of the market as we reported recently rather the native currency of the exchange is making equally impact and gains. Recently, the 10th largest cryptocurrency, BNB reached its all-time high (ATH) against BTC a few days back at $0.0026.
BNB price chart, Source: Coinmarketcap
Since mid-December, Binance Coin (BNB) has been on a rise reaching from $4.52 to $9.58 but is still over 60 percent down from its all-time high in the USD market. But it could be expected that BNB would reach another peak before any other cryptocurrency in the market in the light of various developments going on as pointed out by crypto trader Moon Overlord.
I can’t really recommend buying at an ATH but $BNB might be a rare exception.
– Binance launchpad ICOs are only contribuable in $BNB
– $BNB launching it’s own chain soon (moving off $ETH / ERC20)
– Binance DEX launching soon
– Binance DEX listing fee, yep you guessed it – $BNB pic.twitter.com/TasQCHWrjl
— Moon Overlord (@MoonOverlord) February 16, 2019
Binance Launchpad has already taken a flight with the sale of BitTorrent (BTT) while Binance DEX is scheduled for public testing on February 20th as we reported with $20,000 as a listing fee that would be in BNB.
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Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.