Since the start of this year, Binance Coin (BNB) has had a good time. The development growth and its adoption across different firms have increased. Ethos has announced the addition of BNB on its wallet. Binance is one of the World’s leading crypto exchanges. The BNB coin will also serve as the gas of their future DEX. Ethos officials on the addition of Binance Coin stated:
“Today we hihglight one of our supported crypto assets, the Binance Coin (BNB). The BNB Coin can be easily and securely stored, sent and received within the Ethos Universal Wallet.”
After Binance Exchange launched its own coin back in 2017, it has become one of the top crypto exchanges in the world. Just like Ripple and Stellar is holding XRP and XLM in the market, Binance is also helping to improve the growth of its digital asset.
The daily growing use of cryptocurrency is attracting users towards different crypto platforms. Binance being one of them which provides with different concessions while trading. The traders realize the importance of Binance Coin (BNB) and while trading BNB on the Binance exchange, users are offered with 25% of discount. There is a four-year BNB trading fee discount program that provides users with concession on their trading fee which halves after each passing year.
The Ethos Univeral wallet will provide BNB users with a safe and secure platform to store their coin. The also provides an efficient speed for transferring the digital asset. Ethos acknowledges the support from Binance in supporting it. Ethos is also excited to support the BNB coin on their wallet and help the crypto on its road to mass adoption.
Recently, Binance Coin achieved the landmark of burning 1.6 billion worth BNB coins in its fifth coin burn. What Binance do is that every quarter of the year, they take 20% of their profit and buys the BNB coins and burns them. This helps them to reduce the circulating supply and increase its value. In the coming time, they are planning for further coins burns which are set to enhance its value in the market.
Within all these circumstance, BNB HOLDers need to be just a bit patient because its is developing quickly and in the coming bull market we would see it go very high. The investment could turn to be big one, just keep your eyes on the crypto.
Having a look at the Binance Coin (BNB) performance in the market, it is just trading about neutral point. At the time of writing, BNB was trading with a price of $6.50 USD with a market cap of $838 million and a trading volume of $34 million. Overall this week has been good for Binance coin as it has gained up to 6%.