BNB price plunged 3.4% in the last 24 hours to currently trading at $554. The renewed selling pressure follows the Bitcoin crash below $65000 as geopolitical tension between Israel and Iran escalates. Despite the broader market pullback, Binance further expanded its global reach by recently securing regulatory approval from Argentina’s National Securities Commission (CNV).
Binance, the largest cryptocurrency exchange service by trading volume, has recently achieved its 20th global regulatory milestone by registering as a Virtual Asset Service Provider (VASP) in Argentina. This move enables Binance’s mobile and web applications to be fully accessible to users in Argentina, as the exchange is now officially registered as a licensed crypto service provider in the country.
VASP approval followed the recent registrations in Kazakhstan, India, and Indonesia, allowing Binance to strengthen its regulatory foothold across the globe.
The BNB price witnessed a steady recovery trend with an ascending trendline intact.
The $530 level stands as a crucial accumulation zone backed by a 200-day EMA and ascending trendline.
Binance exchange recently secured another regulatory approval from a Virtual Asset Service Provider (VASP) in Argentina, expanding its global foothold.
