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) 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.
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