While the entire crypto, including Bitcoin, turns red or from timeto time timidly turns green within 1-2%, Binance Coin (BNB) is rapidly soaring with an indicator of over 11%. And although it has not yet ready to knock out Litecoin from fifth place, this prospect is already obvious. Meanwhile, Bitcoin Dominance is almost 69%.
But CEO Binance CZ found a way to use it to his advantage.
What is the secret of BNB? It is simple: Binance DEX (decentralized exchange) took the lead among DEX with a monthly trading indicator (July) of $ 229 M.
Since its launch in April 2019, Binance DEX has received 151 listing offers – data from Binance Research. In July, 41 pairs were added. Total listing includes 71 pairs.
In July, average daily volumes reached $ 7.4 M. Is it significantly higher than other DEX, which, according to Binance Research, in July had daily volumes from 1 to 2 million dollars.
The daily volume growth chart is impressive:
The tireless Changpeng CZ Zhao harried to comment this:
– With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.
CZ also introduced a new BTCB token – a bitcoin clone: it is tied to Bitcoin 1: 1 and “is designed to give crypto traders an easy way to buy and sell Bitcoin on Binance’s decentralized exchange”.
CZ also announced that he will release clones of all the leading alts. It seems that he has sights set on entire cryptocurrency market.