Will Binance Return the Favor?
Despite being a relatively new exchange, Binance has become a powerhouse. In its 2 years in existence the exchange managed to become the #1 exchange by adjusted volume. Binance coin (BNB) & blockchain are also somewhat admirable, with many new Dapps and projects preferring it to alternatives.
Binance coin might eventually overtake rivals such as Ethereum in time. The Achilles heel of Binance coin, is that it isn't traded on many other exchanges, but that seems to be changing.
KuCoin in Cahoots
Another prominent exchange is KuCoin. They are a competitor of sorts with Binance and have launched their own exchange token: KuCoin Shares (KCS). In a rather surprise move by KuCoin, they have announced support for Binance chain and listed Binance coin. As per the announcement:
"In order to meet users' demands for new blockchain technologies, KuCoin is happy to announce that we will support projects running on Binance Chain.
KuCoin is also extremely proud to announce that another great project coming to our trading platform. Binance Coin (BNB) is now available on KuCoin. Supported trading pairs include BNB/BTC and BNB/USDT."
This is undoubtedly a bullish announcement for BNB and being traded on additional markets is a positive development. This will help Binance consolidate its position in the world of cryptocurrencies and continue to be a leading force. The big question is: Will Binance return the favor and list KuCoin Shares (KCS) in return in the future?
Written by Jonathan Ganor
Writer & cryptocurrency aficionado