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Revolut has partnered with Binance to list Binance Coin (BNB) for its 40 million global users, despite BNB's recent price drop of 9.4% to $635, reflecting broader market trends. The listing is expected to enhance user engagement on both platforms, with BNB's trading volume increasing by 7.6% to over $3 billion. Analysts suggest potential support levels for BNB at $710, $650, and $632, with a long-term price target between $805 and $900 if buying activity remains strong.
The cryptocurrency market is experiencing significant declines, with Bitcoin dropping 11.25% and BNB, SUI, and TRX reflecting this bearish trend. BNB has launched the Osprey BNB Chain Trust to enhance U.S. accessibility, while SUI shows bullish momentum, trading at $4.12 after a 500% increase. TRX, despite a recent 8.43% decline, has gained 24.02% over the past month, bolstered by a $10 million acquisition by Bitget to improve blockchain access.
Changpeng Zhao (CZ), founder of Binance, expressed his surprise at Revolut's recent decision to list BNB, the native token of Binance. This move is expected to enhance BNB's accessibility and attract more mainstream users, as Revolut serves over 40 million customers across Europe.In November, Revolut expanded its crypto exchange, Revolut X, to 30 additional European markets, offering competitive trading fees. Meanwhile, BNB Chain launched a bridge to connect with other blockchains, further promoting global crypto adoption under CZ's leadership.
Revolut has unexpectedly listed Binance Coin (BNB), prompting excitement from former Binance CEO Changpeng "CZ" Zhao, who noted this enhances global access and liquidity for the coin. This development reflects Binance's decentralized leadership and the organic growth of BNB's utility. Meanwhile, Revolut hints at launching a U.S. dollar-backed stablecoin, despite previous service cuts for other cryptocurrencies.
Revolut has partnered with Binance to list Binance Coin (BNB) for its 40 million global users, allowing trading with fiat and crypto. Despite the listing, BNB's price has fallen by 9.4% to $635, reflecting broader market trends, though trading volume remains robust at over $3 billion. Analysts suggest potential support levels and a long-term price target between $805 and $900 if buying activity increases.
Revolut has expanded its crypto offerings by supporting Binance Coin (BNB), surprising Binance co-founder Changpeng Zhao (CZ), who learned of the listing just before announcing it. Despite a 20% price drop over the past three weeks, technical patterns suggest BNB may be due for a correction, with ongoing developments in the Binance ecosystem potentially boosting its value.
Revolut has added Binance Coin (BNB) to its trading platform, a move announced by Binance CEO Changpeng Zhao, who expressed surprise at the listing. With a global user base of 40 million, one-third from the UK, Revolut continues to expand its cryptocurrency offerings alongside services like foreign exchange and international payments. The company, valued at $1.7 billion, has seen rapid growth, increasing from 1.2 million users in 2017 to 4.5 million currently.
Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, has evolved from a simple discount token to a versatile asset supporting the BNB Chain and various decentralized projects. Launched in 2017, BNB has a deflationary model with a quarterly token burn mechanism aimed at reducing its total supply to 100 million tokens. The BNB Chain, formed by merging Binance Chain and Binance Smart Chain, offers fast transactions and low costs, making it a robust platform for developers and users in the decentralized web.
By 2025, the crypto landscape will undergo a significant transformation, with Bitcoin poised to become a global reserve asset, potentially surpassing $200,000. Decentralized finance (DeFi) will gain mainstream traction, driven by influential figures, while decentralized AI protocols and fair launches will redefine innovation and ownership in the sector. Regulatory frameworks will emerge, fostering institutional investment and positioning regions like the EU, Hong Kong, and Singapore as crypto hubs.
French MP Sarah Knafo advocates for a Bitcoin strategic reserve in Europe, opposing the European Central Bank's plans for a digital euro, which she warns could lead to a "dystopian world" of transaction control. Her party holds only five of the 81 French seats in the European Parliament, making her proposal unlikely to gain traction. Meanwhile, the ECB is progressing on offline digital euro payments, though a final decision on its launch is still pending.
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