The global, multi-asset, investment platform, eToro has added the Binance Coin (BNB) on its platform for users to carry out crypto trading. With the listing of BNB, the total number of crypto assets available on eToro goes up to 13. eToro is one of the first platforms to offer BNB to traders and investors to sell or buy using fiat.
The Binance exchange issued BNB after an ICO in 2017. BNB which is an ERC-20 token on the Ethereum blockchain is considered as the gas that powers Binance’s ecosystem. Binance Coin can be utilized to pay trading fees at a discount. The exchange is planning to develop Binance Chain, a decentralized crypto exchange which will be using BNB to power it.
BNB token holders can also utilize the token for carrying out crypto trading in certain ICOs that are listed on Binance’s Launchpad Program. In terms of partner applications, the Binance Coin investors can pay for virtual gifts using their tokens on Uplive, an Asian live streaming mobile app with more than 20 million users. They can also make flight reservations in selected airports such as the Brisbane Airport. Changpeng Zhao, the founder and CEO of Binance stated that his company was honored to have its native token listed on eToro platform.
The managing director of eToro, Guy Hirsch said that their firm was thrilled to partner with Binance. Yoni Assia, eToro co-founder on his part stated that they will continue adding leading crypto assets with meaningful use cases to their platform, as reported on CCN.
The eToro platform empowers people to carry out crypto trading investment on their own terms. The platform allows investors to invest in the assets that they want ranging from crypto assets to commodities and stocks. With more than 10 million registered users who share their investment strategies, eToro is a global community in itself. Investors can follow the approaches of those individuals who have been the most successful on the platform, as reported on Aktu.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]