Does Binance's actions have any effect on BNB

[Niyi Briggs]

On one hand, it can be argued that Binance's growing presence in the cryptocurrency industry, through its exchange and various other services, has helped increase the use cases and demand for BNB. This in turn could drive up its value. For example, the use of BNB as a means of payment for trading fees on the Binance exchange and its integration with various decentralized finance (DeFi) protocols have added to its utility.

 

[flower]

It is because binance has become credible and that is why BNB has also become credible too.

 

[riberet19]

It is clear that the actions of binance are correlated to how the BNB currency moves, everything Binance does will affect its currency, surely BNB would not be where it is if Binance were not the most popular cryptocurrency exchange.

 

[flower]

The activities of binance will affect the market price of BNB in all ramifications because they strength of binance is attached to this cryptocurrency.

 

[uptrendfinancialsignal]

The growth of BNB closely tied to the performance of Binance and if there is any issues in Binance, it is definitely going to affect the BNB.

 

[flower]

The earlier we understand that Binance is extremely attached to the BNB's performance the better because the activities of Binance has a strong effect on the promotion of the BNB.

 

[Reedex]

Binance is the foremost cryptocurrency exchange in the world and because this particular cryptocurrency is developing then the BNB will also develop following suit. It is the native token of Binance.

 

[gammarays]

Yes binance actions do have an effect on BNB. The latest issue with binance and sec as well as Paxos and SEC affected the BNB token seriously making it to dip in value.

 

[uptrendfinancialsignal]

Yes binance actions do have an effect on BNB. The latest issue with binance and sec as well as Paxos and SEC affected the BNB token seriously making it to dip in value.

If binance is growing, automatically it is going to affect the BNB positively and it could be otherwise.

 

[Reedex]

Has binance grow, the BNB grow accordingly as well because they are attached to each other.

 

[uptrendfinancialsignal]

Has binance grow, the BNB grow accordingly as well because they are attached to each other.

This is because the BNB is a native token of binance and the growth of binance will definitely translate to its growth.

 

[Stardom22]

For me l think that the Binance has a very high hand it's native coin BNG

 

[Niyi Briggs]

As Binance is growing in value, it is just natural that BNB which they sponsor would also grow because people would have more confidence in it.