Revolut Adds Binance Coin Support to Crypto Offerings
Revolut has expanded its crypto offerings by adding Binance Coin (BNB), increasing trading options for users. Binance co-founder and former CEO Changpeng Zhao (CZ) announced this on his official X page, revealing he learned of the listing shortly before sharing it publicly.
CZ Surprised by Binance Chain Listing, Community Reacts
CZ expressed surprise at the listing, acknowledging the growth of the community. A user noted that this development allows users to purchase crypto on Revolut and pay using Binance, which CZ also found surprising. Crypto commentator C4B Freedom praised the Binance team and CZ, stating that strong products lead to good adoption, highlighting Binance's achievements since Bitcoin's inception.
BNB Price Action and New Developments Fuel Growth Potential
The price of BNB has decreased by 20% over the last three weeks, with recent days showing continued decline. However, analysis indicates that a price correction may be imminent. The daily chart reveals that BNB has formed an ascending triangle pattern, characterized by support and resistance trendlines. This suggests that the price decline began at the top of the triangle, with potential liquidity sources for a bullish reversal at the base of the channel.
BNB is involved in various initiatives aimed at increasing project awareness and ecosystem engagement. USDX.money announced plans to continue building on the Binance Chain. Additionally, Osprey Funds launched the Osprey BNB Chain Trust, the first publicly-quoted fund based on BNB, providing investors exposure to this cryptocurrency.
Binance Chain is fostering a developer community through its MVB 9 program, offering networking opportunities and resources to help projects grow. These activities could attract more users and enhance the project's overall value. Furthermore, the recent PancakeSwap Bridge enables seamless asset transfers to the BNB Chain, potentially increasing utility and contributing to BNB's long-term value.