Binance Coin [BNB] soars high amidst positive developments; climbs up to 14th position

Recently, Binance Coin [BNB], the native coin of Binance Exchange, surpassed NEO and Ethereum Classic [ETC] to stand as the 14th largest cryptocurrency, according to CoinMarketCap.

Binance Exchange also took to Twitter to announce the increment. The announcement read:

“$BNB is now the 14th largest #cryptocurrency by market cap! We owe much of this success to our #Binance community and angels, and we are humbled by your support.”

BNB at 14th position | Source: CoinMarketCap

The rise in the position comes after several announcements revolving around the native cryptocurrency, created by the founder of Binance, Changpeng Zhao [CZ].

Recently, Zhao took to Twitter to announce that BNB will be used as gas on their soon to launch decentralized exchange [DEX].

The tweet read:

“Just had a productive meeting for #Binance#DEX (decentralized exchange), where $BNB will be native gas, and the exchange don’t control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!”

Soon after the cryptocurrency rose to stand at the 14th position, Binance also announced their partnership with TravelByBit, a company focused on providing cryptocurrency payment options for travelers. The two companies plan on creating a blockchain powered Point-of-Sale [POS] payment system across all major airports around the world. TravelByBit will support Binance Coin as an option for payment.

 

According to CoinMarketCap, at press time, BNB is trading at $10.50 with a market cap of 1.2 million. It has seen a hike of 2.17% in the past day. While all the major coins have a splash of red on the 7-day percentage mark, BNB is displaying a hike of 4.36%.

Twitterati, Pavel Golub tweeted:

“Common, keep rolling!”

Another Twitterati, Kevin shoemaker said:

“Could be number 1 with xrp base pairing.”


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