• 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.
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 .
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 .