Exchanges

BNB Gains 10% After Binance Launched a New Lending Platform

Today Binance has announced the launched of a new P2P (Peer to Peer) trading functionality with BTC, ETH and USDT available for trading against CNY (Chinese Yuan) for users in China that have Binance accounts registered for over 30 days.

According to Binance’s CEO, the new lending platform will expand the its service to other regions soon.

Following the announcement, Binance Coin (BNB) gained 10% in the last 24 hours, it jumped from $16 to $17.7 in six hours. MACD looks interesting, Most likely BNB will test $20 level.

Binance Coin BNB Price Spike

Binance Coin (BNB) is the cryptocurrency issued by Binance exchange. Binance coin runs on the Ethereum blockchain with ERC 20 standard, and has a strict limit of maximum 200 million BNB tokens. BNB is used in Binance exchange to participate in IEO (Initial Exchange Offering) and to get discounts in the trading fees.

Binance Coin (BNB) Price Chart

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

Recent Posts

$27 Million Gone: BigONE Exchange Suffers Major Hack

On July 16, 2025, crypto exchange BigONE confirmed that it was hacked. The attacker stole… Read More

3 weeks ago

Firefox Add-ons Store Hit by Massive Wave of Fake Wallet Extensions

Researchers uncovered coordinated campaign of over 40 malicious Firefox extensions. These add‑ons mimic trusted… Read More

1 month ago

French Police Arrest Crypto Kidnappers After Finger Cutting

Paris, France – French police arrested several suspects this week tied to disturbing May… Read More

2 months ago

PayPal USD Plans to Use Stellar for New Use Cases

PayPal just announced big plans for its stablecoin. The company wants to bring PayPal USD… Read More

2 months ago

Binance Delists Four Major Cryptocurrencies: What You Need to Know

Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More

1 year ago

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

1 year ago