As a seasoned researcher with a keen eye for technological advancements and market trends, I find the recent development between Revolut and Binance fascinating. The listing of Binance Coin (BNB) by Revolut without prior notice to its former CEO, Changpeng Zhao, suggests a decentralized and independent growth strategy that is commendable.
In an unexpected turn of events, Revolut, a leading global fintech bank, has taken a daring step that caught even Changpeng “CZ” Zhao, the ex-CEO of Binance, off guard. On platform X, CZ announced this substantial advancement to his 9.2 million followers.
CZ’s reaction: Surprise and excitement
As reported by CZ (Changpeng Zhao), the founder of Binance, he was unaware that the financial app, Revolut, had added Binance Coin to its listings.
He expressed excitement at the development because the listing of Binance Coin adds another avenue for users globally to access and trade the coin. This increases liquidity for the coin and allows for more adoption and growth.
It’s worth noting that CZ asserts he wasn’t aware of the listing. This hints at Binance’s leadership maintaining a degree of autonomy and independence from the former CEO’s authority. Additionally, it implies a natural growth in popularity for BNB, driven by its practical uses and potentially sought after by Revolut users.
As a crypto investor, I can’t help but feel energized by CZ’s palpable enthusiasm for the prosperity his company is witnessing, despite him stepping back from his leadership role at Binance.
I recently discovered that Revolut has started listing Binance Coin ($BNB). It was news to me just a short while ago, but the community seems to be expanding! 😄
— CZ 🔶 BNB (@cz_binance) December 20, 2024
In a response to a post on X, some users provided feedback and even educated CZ on additional functionalities within the Revolut application. Specifically, one user, Guilherme Lage (@ItsEasypop), shared that users have the ability to buy cryptocurrencies using Revolut Pay on Binance.
CZ replied, “(I) didn’t know that either.”
Revolut’s expanding crypto ecosystem
The engagement and development highlight positive growth for Binance and Revolut in the crypto space.
Notably, Revolut signaled its intention to debut a U.S. dollar-supported stablecoin by September. As stated by the electronic banking institution, this move aims to address the increasing appetite for reliable digital assets.
Market observers anticipate that the addition of Binance Coin to Revolut’s platform could potentially be a lasting move, given that Revolut has a history of surprising its users in the past.
Specifically, in June 2023, Revolut made a significant decision to discontinue support for Cardano, Solana, and Polygon services, impacting users based in the United States initially.
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2024-12-20 17:40