• Binance CEO Chanpeng Zhao compared Binance.US’s trading volume with that of Coinbase and noticed an impressive surge in activity for the former.
• This potential confidence has also extended to the BNB coin, as evidenced by a recent uptick in transaction history on the BNB Smart Chain since January.
• CoinMarketCap data showed a stark contrast between Binance and Coinbase, with Binance offering more markets than Coinbase and enjoying significantly larger weekly visits.
Comparison between Coinbase and Binance US
Binance [BNB] CEO Chanpeng Zhao shared a comparison of Binance.US’s trading volume with that of Coinbase on 31 March, showcasing an impressive surge in activity for the former. With such a significant uptick in trading volume, one might wonder if this newfound confidence has also extended to the BNB coin. CZ shared a post indicating that Binance US achieved a remarkable feat – its weekly trading volume was equivalent to 41% of Coinbase’s global trading volume.
CoinMarketCap Data
Looking at the 24-hour trading volume, Binance’s $11 billion dwarfed Coinbase’s $1 billion figure. Additionally, Binance offered more markets than Coinbase, further solidifying its status as a major player in the cryptocurrency exchange industry Source: CoinMarketCap
BNB Smart Chain Transaction History
An upward trend can be seen when one takes a close look at the transaction history of the BNB Smart Chain [BSC] since January. Daily transactions in January and February were mostly under 3 million, but the figure consistently remained above the mark in March. This indicated a rise in volume on the chain, despite recent Fear, Uncertainty and Doubt (FUD) surrounding the exchange. Source: bscscan
BNB Price Outlook
Realistic or not, here’s is how the market cap of BTC looks for BNB following its modest gains over four days which shifted towards a slightly bullish trend .
Conclusion
It is worth noting how CZ emphasized that these figures pertained only to Binance.US and did not consider entirety of Binace’s trading volumes unlike what was being done with Coinbase’s figures . All considered , it appears that both exchanges are healthy competitors when it comes to digital assets exchange platforms within United States .
