eToro Becomes the First External Trading Platform to List Binance Coin (BNB)
eToro logo (PRNewsfoto/eToro)
Earlier today, October 29th, eToro became the first investment platform to list Binance Coin (BNB) outside of the prominent exchange of Binance.com. The listing of BNB brings the total of crypto assets listed by eToro to 13. eToro has been on a campaign to expand in the US and the listing of additional digital assets is part of the plan to do so.
BNB will join Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP, Litecoin (LTC), Ethereum Classic (ETC), DASH, Stellar (XLM), NEO, EOS, Cardano (ADA) and IOTA on the eToro platform.
Changpeng Zhao, Founder and CEO of Binance had this to say about the new development:
We are honored and excited to be listed on eToro. With this addition, the Binance coin can reach millions more people, many of whom are more accustomed to the traditional financial industry. As an utility token, we believe in creating long term utility and value. We will continue to do so together with eToro.
Yoni Assia, Co-founder and CEO at eToro had this to say about the addition of BNB:
Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.
As a regulated securities broker we have the ability to offer both utility and security tokens on our platform. We support the movement of assets onto the blockchain and the tokenisation of securities. In fact, we believe that in the future we will see the greatest transfer of wealth ever, onto the blockchain
BNB’s Recent Progress
Binance Coin has attracted the attention of the crypto community ever since the exchange went live over a year ago. The exchange recently carried out its fifth quarterly coin-burn. The process is part of destroying half of the initial 200 Million tokens minted during the ICO as promised in the project’s whitepaper. BNB is also now accepted as a forms of payment when buying real-estate through a firm known as Propy Inc.
What are your thoughts on Binance Coin (BNB) being listed on eToro? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.