Binance will soon add support for WeChat and Alipay which will ensure customers based in China can buy Bitcoin and other assets [Ether and XRP] with ease with these two newly-included methods for payment. A confirmation tweet was sent out by Changpeng Zhao a day back.
Thus, Binance has been able to join the massive P2P market alongside Huobi as well as OKEx. China has banned exchanges from operating, but over-the-counter and peer-to-peer trading is still active and in high demand. Considering the fact that China houses a huge chunk of mining pools shelling out BTC, Binance’s latest move may help BNB recover some of the value lost over the span of 3 months.
Binance is still blocked in China so only users with specific VPNs can actually open Binance , and WeChat/Alipay transactions are being monitored…
Good news but you make it looks like the Chinese retail flood gates are about to open, this is not the case at all.
— Crypto Krillin ॐ (@LSDinmycoffee) October 9, 2019
Binance Coin is ranked at #8 in the market. The price dipped marginally, at a rate of 0.05% in the course of the past 24-hours. This brought BNB all the way down to $17.38 where it currently holds. The trading volume recorded stands at approximately $260.626 million, while the supply has 155,536,713 BNB coins in play for now. The total market cap of Binance Coin is $2.703 billion as of this moment.
A verifies blog post published 4 hours ago mentions the listing of XRP-BF2 on Binance DEX. The Exchange will also help users convert XRP-BF2 to XRP and vice versa. Interoperability is expected to improve as a result of this initiative.
Today at roughly 8:30 AM [UTC] the XRP/BNB trading pairs would go LIVE and would be accessible by all users scattered across the globe.
— Binance DEX (@Binance_DEX) October 10, 2019