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BNB News: Binance Coin Upsurges To Twenty USD, CEO Hints Binance DeFi IEO

Changpeng Zhao, the CEO of Binance cryptocurrency exchange, recently hinted that the digital asset exchange might initiate a DeFi-related IEO. At the time of reporting, Bitcoin is trading over 9800 USD whereas Ethereum (ETH) is trading above three hundred USD.

The overall crypto market is showing significant gains, especially ETH. Speculations surrounding an allegedly approaching DeFi involvement of Binance led to a significant growth in BNB price.

At the same time, the United States stock market indexes declined in value a bit. On the other hand, Gold prices pierced across the sought-after level of nineteen hundred USD per ounce.

The newest upsurge could come from buzzes started by Binance CEO himself. In a recent tweet, Zhao hinted that Binance will be introducing an IEO for a project associated with DeFi, the newest inclination in the digital asset space.

Alright guys, you know who to blame… Joking 😆#DeFiEO soon, soon. https://t.co/saDf1Gk9xw

— CZ Binance (@cz_binance) July 24, 2020

What do you think about the booming DeFi space and the entry of Binance’s BNB coin in it? Let us know in the comments below!

Image by Steve Buissinne from Pixabay