$BNB
Binance Chain and the Future of BNB
Binance, under CEO Chengpeng Zhao (aka CZ), was initially based in Hong Kong before moving to the crypto-friendly haven of Malta in 2018. Notably, Binance does not list fiat currency pairs and has instead relied on a range of core crypto pairs, including the BNB token, as well as stablecoins like Tether (USDT).
With BNB’s move to Binance Chain, BNB is positioned to play a significant role in the Binance DEX as its own gas. Wallets that will be supported by the decentralized exchange from the outset include Ledger, TrustWallet, Enjin, Coinomi Wallet, and many more.
Taking full control of their assets is quickly becoming a trend among mainstream crypto users as they begin to better understand the gravity of the phrase — “not your keys, not your Bitcoin.”
Decentralized exchanges have failed to gain meaningful trading volume so far, but Binance’s BNB token could end up playing a prominent role in sparking further adoption of the Binance DEX (Decentralized Exchange) where users control the keys to their crypto assets.
