Binance is becoming synonymous with the crypto space. And its founder, Changpeng Zhao, is one of the most notable figures in the world of cryptocurrency. CZ, as he is called affectionately, is known to be accessible and responsive on social media. He commonly interacts with his followers on social media, and is not afraid to let his opinions be known.
As Binance continues to grow, the cryptocurrency community is starting to recognize that the exchange is becoming an increasingly important actor in the crypto ecosystem. BNB, the exchange’s native token has been on a great run of late and many have taken notice.
A Twitter user echoed the usefulness of Binance’s native token, and it was, of course, liked by the active clicker, CZ.
— Lukas Bydzovsky (@LukasBydzovsky) March 24, 2019
Many cryptocurrency experts and investors believe exchange tokens have a bright future in front of them. And if Binance is at the forefront of the movement, its token should only continue to rise. BNB is already ahead of many cryptocurrencies in trading volume and this volume should spike as Binance rolls out more features. The Binance Launchpad will push the use of BNB along with the coming DEX.
Margin Trading speculation also has played into BNB’s recent surge. According to The Block, Binance might soon introduce marginal trading for retail users. While some believe this could cause governments to crack down and cause regulatory woes for Binance, most remain bullish due to the sheer number of new users that will be brought to the exchange.
Binance keeps proving itself to be a force to be reckoned with in the cryptocurrency space. If Binance becomes the hub of the Bitcoin and cryptocurrency trading universe, BNB’s value could be limitless.