Revolut Expands Crypto Offering with Binance Chain Support, CZ Surprised by Development

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I find myself increasingly intrigued by Binance Coin (BNB) following Revolut’s announcement to expand its crypto offering to include BNB. The fact that Binance’s co-founder and former CEO Changpeng Zhao (CZ) himself was caught off guard by this development underscores the rapid growth and expansive reach of the Binance ecosystem.

Revolut has broadened its cryptocurrency selection by incorporating Binance Coin, providing users with additional trading possibilities. In a recent update on his official X page, Binance co-founder and ex-CEO Changpeng Zhao (CZ) disclosed that Revolut now supports BNB. The post revealed that the announcement was made shortly before it was shared on CZ’s social media platforms.

CZ Surprised by Binance Chain Listing, Community Reacts

CZ expressed his surprise, saying he didn’t know about the listing. He then acknowledged that the community is growing. A user also commented that the new development allows users to buy crypto on Revolut and pay Binance, to which CZ replied that he also didn’t know. A crypto commentator with more than 150,000 followers, C4B Freedom, praised the Binance team and CZ for their product.

The user commented that when a product is good, it will surely be well adopted, noting that Binance and CZ have built the strongest products since Satoshi created Bitcoin.

BNB Price Action and New Developments Fuel Growth Potential

Over the past three weeks, BNB’s value has decreased by approximately 20%, and the last three days have been particularly unfavorable. But if we consider the larger picture of its price movements, it seems that BNB might be ready for an upward adjustment soon.

Daily graph indicates Binance Coin has been moving within an ascending triangle formation since early August. This pattern consists of two trendlines; one acts as a foundation, preventing any further price drop, while the other functions as a ceiling, restricting the increase in BNB price. The chart implies that the downward trend initiated once the price touched the peak of the channel, with the possible goal being its base. Numerous potential buyers might be eyeing this level for liquidity, hoping for a bullish turnaround.

Binance Coin (BNB) has been actively promoting its project and boosting engagement within its ecosystem through various initiatives. For instance, usdx.money announced plans for further development on the Binance Chain. Moreover, Osprey Funds unveiled the launch of the Osprey BNB Chain Trust. This is a significant milestone as it represents the first US publicly-traded fund focused on BNB, the native token of the BNB Chain ecosystem. Investors now have an exclusive opportunity to invest in the fifth-largest cryptocurrency by market capitalization through this fund.

On top of developing Binance Chain, they are also cultivating a community of developers and providing them with the means to expand their projects via the MVB (Material Verification of Concept) 9 program. This program offers participants valuable interactions with industry titans, chances to connect with other entrepreneurs, and access to resources that stimulate growth.

Engaging users with diverse token-related activities might stimulate the project’s expansion, possibly elevating its worth. Moreover, the latest PancakeSwap Bridge offers a smooth method for users and developers to move assets between the PCS platform and the BNB Chain, thereby increasing participation. This could boost utility and potentially add to the long-term worth of BNB.

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2024-12-20 17:09