What could be termed as an important development in the field of cryptocurrency, the founder and chief executive officer of Binance, Changpeng Zhao (CZ) has announced the listing of Binance (BNB) on the BitMart. The coin will be available in two trading pairs – BNB/BTC and BNB/USDT. Before the listing, BitMart came out with the communication regarding their decision of listing BNB on their platform. BitMart said that the exchange always takes a considerate viewpoint of all rules and regulations regarding the listing of any digital asset on their platform. This includes taking all possible steps to ensure that listed entity meet regulatory and safety compliance. More specifically, giving information about the listing of Binance Coin (BNB), the platform said that it has evaluated all the listing criteria with regard to BNB in detail and only after considerable deliberations, they have come up with a conclusion that BNB should be listed on the platform as utility coin rather than categorizing it in the segment of security. The exchange also communicated that they had decided to list BNB after meeting all the compliance related to regularity authorities in all areas they operate in.
The platform also strikes a positive note by ensuring all the customers as well as regulatory authorities that they are willing to revisit their position if there are genuine concerns with a listing of BNB. The exchange has invited feedback from all the allied stakeholders and promised to address these concerns promptly. Overall this listing is good for the adoption of BNB as the digital coin now has a wider base and exposure to leverage upon.