Cryptocurrency Finance

CZ Binance Speaks on the Listing of BNB on Swiss Stock Exchange

CZ cautions Traders as Binance Lutures' Leverage Rises to 125x

Interaction is beginning to have a foothold between the digital and traditional currency world. According to what Changpeng Zhao, the CEO at Binance, recently related, digital token BNB has been listed on the Swiss Stock Exchange. CZ subsequently stressed on how beneficial the listing would be to the fortunate coin, BNB.

Whoever that undermines any possible integration between the fiat currency and cryptocurrency world must have realized that anything is possible in the financial world. The persistence of such interaction will not only create mutual understanding between the entities, but will also foster financial advancement of the world at large.

Binance (BNB) Listed on Swiss Stock Exchange

Binance exchange’s official Twitter handle aired the announcement of BNB listing on the Swiss Stock Exchange, and subsequently related by CEO Changpeng Zhao, popularly known as CZ.

In the tweet, CZ described this as a major step to the bridging of crypto and traditional currency world, considering the reputation of the Swiss Stock Exchange in the global stock market. Such has never played out before according to Binance, and this was made possible in collaboration with Amun, Digital Asset Tracking ETPs.

CZ said, “A MAJOR step. Now you can trade BNB ETP on the Swiss Stock Exchange (Ticker: ABNB). Further bridging between crypto (& bnb) with the traditional financial world! Thanks to AmunAG”.

Changpeng Zhao Speaks on the Benefit of the Listing

In another tweet, Changpeng stressed the benefit of the latest listing to BNB. Going by the tweet, CZ did not specifically attest to whether the price of BNB will be impacted due to the gravity of the listing and the reputation of the Swiss Stock Exchange.

Howbeit, he assuredly stated that it will boost the accessibility of BNB, as a new set of people will be leveraging on the use cases of the digital currency. This is indeed a great means of liquidity.

He said “I don’t know what it will do to the BNB price, but it certainly makes BNB more accessible to a new audience. It’s spreading!”

Swiss Stock Exchange Listing Impacting Binance (BNB)

Binance (BNB) price has a bit seen the impact of the outstanding listing. All the top 10 digital currencies in the market are presently faltering except BNB and Stellar Lumen (XLM).

At the time of filing this report, BNB is trading at $18.56, with relatively 3% price upsurge in the last 24 hours.

Binance exchange and its digital coin BNB have been in the news lately, due to a number of developments it welcomed into its ecosystem, and these are really helping the cryptographic project in all spheres.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Solomon Odunayo

Solomon Odunayo had dispensed his writing ability on growing Eagles News Media, covering News for relatively 2 years as a founder and editor.

He now works with NewsLogical.com as a full time cryptocurrency Journalist and Chief Editor due to the experience he garnered over time in the crypto sphere.

Email: solomon.odunayo@newslogical.com, editor@newslogical.com.

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