Binance Exchange’s BNB Coin Added to HitBTC with BTC and ETH Trading Pairs
Yesterday August 20th, the team at HitBTC was happy to announce the start of a new BTC, Ether integration with BNB Tokens by Binance. The new exchange platform announcement was first published on Twitter. It was regarding the new trading chart focused on Binance’s native token pairing with the two largest cryptocurrencies. All three coins are now available for trade on the new HitBTC exchange. Tether will also be available to trade on the exchange as well as USDT.
Fans and community members were not exactly ecstatic about the announcement; critics also took advantage of the moment to make some comments on the new launch as well. HaveZone of Twitter remarked by questioning the need for the exchange, specifically why anyone would want to buy tokens from HitBTC rather than Binance? His reasoning was simple, Binance already has a wallet that works, the new pairing is merely a scam to advert attention from faulty bugs the company hasn’t handled yet.
We are happy to announce the integration of @binance 's $BNB token to our platform. You can now trade the pairs: $BNB/ $BTC (https://t.co/b1yc50jY1g), $BNB/ $ETH (https://t.co/vF8NwWAZT1), $BNB/ $USDT (https://t.co/yd8vNqVAkQ) pic.twitter.com/4kap9pAiOB
— HitBTC (@hitbtc) August 20, 2018
Another user by the name of Goyanda Pinda believes that there is no trade volume for BNB because the price to withdrawal the tokens is far too high. And CryptoCam also questioned why anyone would trade on Binance.
The list goes on of users who are less than enthusiastic about the new pairing. Customers made plenty of complaints about the new launch, noting how much controversy has been seen around HitBTC. Even big names in the tech industry have stated their distaste for the exchange, most recently that being John Mcafee, who released a string of tweets speaking on the exchange. His remarks were mainly focused on the company’s policies, particularly on how they attack the poor, virtually killing off a large group of people. No one was surprised by McAfee’s response to the token pairings as he has shown support for coins like MTC, the Docademic token that is backed by free healthcare.
BNB token hasn’t changed much in price since its listing. If anything, it has dropped in the last day or so, roughly 4% down from its original listing price. Currently, the coin is listed as the 16th highest on cryptocurrency rankings according to per CMC. It was only a few weeks ago that the Binance platform took on the Trust Wallet, a new product just launched last year in November.
Do you trade on Binance? What are your thoughts on the platform and the new announcements? Leave your answers and ideas in the comment section below.