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eToro Adds Its 13th Currency — Binance Coin (BNB)

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A new statement published by a popular cryptocurrency trading platform, eToro, announced the listing of the platform’s 13th digital coin — Binance Coin (BNB). This has made eToro the second platform to allow users to trade BNB against USD.

eToro’s initial goal was to become a regulated securities broker. Because of that, it has the ability to offer security tokens to its users. However, it has become clear that it is also looking to become more deeply involved in trading cryptocurrencies. As stated, BNB is the 14th coin that the platform is now offering. Other cryptos that are listed on eToro include Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, Stellar, Litecoin. Ethereum Classic, NEO, EOS, IOTA, Zcash, and Cardano.

Binance Coin is the safest crypto this year

eToro has, of course, conducted an analysis of each and every token prior to their listing on the platform. The same is true for BNB. However, what makes BNB unique is eToro’s belief that this is currently the safest cryptocurrency on the market. In addition, eToro also compared it to Bitcoin, stating that BTC has a rather wide presence, that investors need to be careful about.

In comparison, BNB’s volume is concentrated on its native exchange, but this makes it better in terms of security. Even so, eToro admits that this also makes Binance Coin vulnerable to potential internal issues. As a part of their statement, they also noticed that BNB’s coin supply is greater than that of Bitcoin. To them, this is an indication that BNB might surpass Bitcoin in terms of market cap as well. However, there are a lot of other cryptocurrencies that exceed BTC’s supply by far, and none of them managed to surpass its market cap, so this line of reasoning remains questionable.

In the end, eToro decided that the fact that BNB is limited to Binance is a positive thing. eToro’s managing director, Guy Hirsch, stated that the platform adds support for coins that, in their opinion, have a top product behind them, as well as a clear roadmap for that product. Due to the fact that Binance has been creating an innovative infrastructure for some time, eToro believes that their products are soon to be in great demand.

By adding BNB to their platform, the coin will also gain more exposure, and a large number of investors and traders will get the opportunity to start trading it. Considering that eToro has over nine million users around the world, this is more than likely to happen.

Still, it should be noted that eToro is a rather careful platform, which is why they will introduce a daily investment limit for Binance Coin, at least for a while. Additionally, they stressed that the asset may become unavailable from time to time, but this will not be the case when it comes to the closing of open trades.

As for Binance itself, its CEO and founder, Changpeng Zhao, stated that the exchange’s entire team is honored and excited about the new listing. Furthermore, the exchange believes in creating utility and value for their asset on a long-term basis, which is why they will continue to do so in collaboration with eToro.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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