News: Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Binance%20Coin%20%28BNB%29%20At%20Risk%2C%20May%20List%20Libra%20But%20Prices%20Are%20Down%2012.1%25

——–

Crypto tags:

#CryptoNews

——–

Transcript:

0:00:00 Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

0:00:06 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:13 The exit of US clients will shave Binance’s trading volumes.

0:00:17 To counter that, they may end up listing Facebook’s Libra upon roll out.

0:00:21 Talks are in a preliminary stage.

0:00:24 Meanwhile, BNB is down 12.1 percent from last week’s close.

0:00:29 It may be the largest exchange by trading volumes, but that title is under threat.

0:00:34 With the SEC firm on their interpretation of what a security is, the exit of US clients will negatively impact Binance trading volumes.

0:00:41 One thing is highly likely, like Huobi, Binance Coin would not be available for trading in the US.

0:00:48 It’s only a matter of months before that becomes a reality.

0:00:51 The impact could be moving for BNB holders with the only path of least resistance being southwards.

0:00:57 On the chart, fractures are beginning to form as BNB prices stagnate below $40. Their plans of listing Facebook’s Libra could reinvigorate interest in the exchange token, temporarily buoying prices.

0:01:10 At least that is a business decision Binance as a for-profit firm won’t want to miss on.

0:01:15 “We have had an official dialogue with Facebook.

0:01:18 With regarding listings specifically, right now they are going to be on a so-called “private chain.” So that means they won’t be looking for external liquidity.

0:01:26 However, from what we understand the potential to be, that would lead to wanting a secondary market.

0:01:32 Price wise, BNB is trading 12.1 percent lower from last week’s close at the time of writing.

0:01:38 Under pressure, bears could step up in days ahead.

0:01:42 Visibly, bull momentum is waning after six months of impressive gains.

0:01:46 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

——–

Other Credits:
Background music: [No Copyright Music] New Happy Day by fennecbeats
https://soundcloud.com/search?q=fennecbeats
Creative Commons – Ask fennecbeats for permission if you want to use this song.
Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA
* Created with https://content2video.com technology | Creating videos out of your data.

source

(Visited 6 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *