Binance Coin (BNB) Price Surges 7 Percent, After Binance Sees Significant P2P Bitcoin Trading Volumes

Libra Coin News
Wed, 10/09/2019 - 10:00
Yuri Molchan
BNB price spikes over 7 percent five hours after Binance announces P2P trading for BTC, ETH, USDT against yuan, seeing significant trading volumes
Cover image via U.Today

Earlier today, Binance announced the start of peer-to-peer trading of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) against the Chinese yuan in its blog.

Initially, the access to P2P trading was given to users of the Android-based Binance app of 1.12.1 version, whose accounts on Binance were set up for more than a month ago.

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Now, CZ of Binance tweets that the team has seen significant P2P trading volumes on the first two biggest coins and the USDT stablecoin. Due to this fact, the price of BNB has surged over 7 percent.

Image by Coinmarketcap

The Binance team promises to gradually roll out the service on iOS-based Binance app later on.

Do you 'hodl' Binance Coin or use it for trading? Feel free to share with us in the comment below!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.