Binance CEO Talks About Ethereum and Binance Coin Rivalry, Says ETH vs BNB Isn’t Competition

Changpeng Zhao, the CEO and founder of the cryptocurrency exchange Binance, talked about Ethereum (ETH) and Binance Coin (BNB). He has compared the second largest digital asset with the virtual currency that is used on the Binance platform and other Binance products.

Changpeng Zhao Talks About ETH and BNB

The last week was very important for Binance Coin, Ethereum and the whole cryptocurrency market. Binance announced that they were launching the blockchain network Binance Chain. At the same time, they have announced a new fiat-to-crypto exchange in Singapore and Binance Coin has reached new all-time highs.

The crypto-related Twitter user @TheGemClub wrote a Tweet in which he explains why Binance Coin is going to have a devastating effect on Ethereum. According to him, there is almost no benefit of choosing Ethereum over Binance chain aside from decentralization.

Furthermore, he said that projects that move to Binance Chain will be receiving a lot more attention and many other things.

Changpeng Zhao answered this tweet saying that he likes the positivity for Binance Coin but that the community doesn’t “have to diss any other coin.”

Additionally, he admitted that Ethereum can do much more than BNB in features and urged the community to work side by side.

Moreover, Changpeng Zhao explained that Ethereum lacks focus. Moreover, a cryptocurrency user mentioned that Ethereum has a large development community and diversity while Binance is just starting to attract new individuals and developers to its network.

About it, Mr. Zhao said that even when Ethereum has a large community, there are many issues that the network has to face compared with Binance that has a smaller community focusing on a few issues.

Binance Coin is currently the 7th largest digital asset in the market. It has also been the best performing asset since the beginning of the year and it has also surpassed its all-time high a few days ago. Now, each BNB can be purchased for over $24.3 and it has a market capitalization of $3.44 billion.

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