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Binance Coin-Based ETP Included to SIX Swiss Exchange

Earlier this week, the Swiss stock platform SIX included a new cryptocurrency exchange-traded product (ETP) which is going to allow users of the platform to gain exposure to Binance’s BNB token.  The new ETP, the Amun Binance BNB ETP can be bought through a bank or brokerage company just like a stock. This is the result of a partnership between Binance and Amun. so unlike a lot of ETN’s, ETP’s are legally obligated to be backed one to one by reserves which means that the ABNB ETP is completely collateralised. In a recent interview, the CEO of Amun, Hany Rashwan...

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BNB Experiences its 9th Quarterly Burn, But it’s not the Biggest

Earlier this week, the world’s biggest crypto platform, Binance announced that they had finished their 9th quarterly BNB token burn in accordance with the token’s whitepaper. During this whole process, more than two million BNB tokens worth up to around $37 million were burnt.  Whereas this is a huge burn of BNB, it isn’t the biggest. The biggest burn of the tokens was their second quarterly burn of 1.8 million Binance Coin, which was worth around $40 million at the time.  Writing in a blog post on the official website, the CEO of the platform, Changpeng Zhao (CZ) expressed his...

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Is BNB Coin performing As Good As You Think?

Every few months, we see Binance make some pretty big announcements and deliver more and more options to their user base. That’s been the case throughout the course of 2019 anyway, but what about the BNB token? Well, the exchange’s own cryptocurrency started a notable uptrend at the start of the year with some very impressive growth.  From January to April Binance Coin saw an increase of about 300 percent. The uptrend movement didn’t finish there though as the cryptocurrency saw an all-time high of $39.68 on June 22nd which ended up giving it a 566 percent increase overall. But...

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Litecoin Is One Of The Best Cryptos Of 2019

Great news for Litecoin investors as Litecoin has made a name for itself this month, as a part of the top 10 performing cryptocurrencies through 2019. After the 2018 bear market as investors we are all due a little break, so, seeing positive news about major altcoins like Litecoin is both refreshing and important - indicators like this can help us plan out our future investments. Litecoin is promising to continue to climb, let’s take a look at some of the other cryptocurrencies that are doing the same too. 2019 has seen a huge turnaround for many cryptos, including Tezos,...

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How Will Binance Margin Trading Impact Crypto Markets?

It’s hard to believe that Binance is only just two years old, given the steep trajectory of its growth to dominate the market for cryptocurrency exchanges. The most recent development, that the company is launching margin trading, looks set to solidify this position further. While other exchanges such as BitMEX or Bitfinex are already offering margin trading, Binance has access to a far larger existing user base. What will be the impact of this move on the crypto markets? What We Know So Far The first indicators that margin trading was on the way surfaced in a tweet on May...

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