Main page News, Binance

BNB, the native token of the Binance cryptocurrency exchange, showed on Tuesday, December 4, a rapid growth after the head of the company Changpeng Zhao announced the imminent launch of his own Blockchain platform called Binance Chain.

He made the corresponding statement during the “Decrypting Blockchain for Business” conference organized by Forbes Asia magazine.

It is noteworthy that Zhao’s words about the upcoming launch of Binance Chain didn't appear in the report about the conference, which brought together many major Asian investors. However, the author of the material Michael del Castillo posted them in his Twitter.

The fact that Binance is working on its own public Blockchain became known in March of this year. At the same time, Binance reported that a decentralized exchange would be created on the Binance Chain.

In August, Changpeng Zhao showed a demo version of the future decentralized exchange. However, it was not mentioned during today's conference.

Anyway, the speech of the head of Binance led to a sharp increase of the BNB token rate, which in a few hours rose in the price above $6.30, thus showing an increase of more than 25%. Day ago, the token was trading at $5.04. A noticeable increase in the price of the token with respect to BTC also draws attention.

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