Binance Coin Makes it To India, As BNB Reaches All-Time High and New Launchpad Project Elrond
It has been recently revealed that Indian cryptocurrency exchange, Bitbns will now be supporting the Binance Coin [BNB]. This means traders are now open to the buying and selling of BNB with fiat. Since the news, many have been wary of what this might mean for them, especially in a country that imposes cryptocurrencies with the recent law into effect.
— CZ Binance (@cz_binance) June 20, 2019
Here are some of the sentiments Twitter users have since shared:
ok but what about regulations. Still we need to buy btc from localbitcoins or any such platform to trade on indian exchange. question is…why one will risk his money to trade on indian exchanges when plenty of options are there.
— malang baba (@malang_77) June 20, 2019
— crypticphi #satsgang – gold member #HODLer (@crypticphi) June 19, 2019
Still has a RBI ban on….. Don't dabble
— IndiaNext (@IndiaNext_One) June 20, 2019
BNB Reaches All-Time High
The Binance Coin [BNB] has recently attained a new milestone, which has since left many celebrating. In particular, the crypto successfully reached an all-time high, as it sat at roughly USD $37.41. This however no longer holds true, as the current ath for the crypto as of Saturday, June 22, 2019, is USD$39.10.
Binance Reveals Next Launchpad Project
Amidst the different accomplishments Binance made in a rather short period of time, the team has also announced plans for their next launchpad project. More specifically, the Binance Launchpad – a platform that supports a wide range of projects – has announced their support will be given to none other than Elrond.
Elrond has been described as a “sharding-based public blockchain,” which has garnered the attentions of Binance Labs, Electric Capital, NGC, Maven 11 and Authorito Capital to name a few shares the Binance Team.
Based on a recent tweet, the decision to offer support for Elrond is merely due to the latter’s aim towards solving existing blockchain problems, which seems to resonate with the crypto exchange. Here’s as per the Binance CEO, Changpeng Zhao:
“We continue to support infrastructure projects aimed at solving problems associated with blockchain technology scaling and its readiness for mass adoption.”