by BSC News
August 23, 2022
A look into BNB Chain performance and Binance ecosystem updates from Aug. 12 to 18
Here are some key metrics of BNB Chain’s performance between Aug. 12 and 18:
Between Aug. 12 and 18, BNB Chain and the Binance ecosystem saw many significant developments. These include a partnership with COS.TV, obtaining an in-principle approval to operate a Digital Asset Trading Facility and Provider of Custody in Kazakhstan, applying the T+1 withdrawal limit to Hong Kong Dollar Markets, partnership with Latin America-based education platform Platzi, and more.
On August 12, Binance Connect announced a partnership with COS.TV, a video creation platform housed within Contentos’ global decentralized content ecosystem. The partnership's objective is to allow verified Binance users to buy $COS with Binance Connect by using their credit/debit cards on COS.TV.
With the objective of extending operations globally, Binance on Aug. 15 obtained in-principle approval from the Astana Financial Services Authority to carry on its business as a Digital Asset Trading Facility and Provider of Custody in Kazakhstan. To become fully operational, however, Binance must complete the application process.
Binance P2P, on Aug. 15, announced the implementation of the “T+1” cryptocurrency withdrawal limit when users buy cryptocurrency on Binance P2P using the Hong Kong Dollar (HKD). According to the blog post, while the limit subsists, users who trade using HKD will have to wait 24 hours before cryptocurrency withdrawal is processed to external wallet addresses.
On Aug. 17, BNB Chain announced its partnership with Platzi, a Latin America-based education platform. The partnership is for developing and launching a Web3.0 development course for 30,000 students in the region by the end of this year.
According to CoinMarketCap, $BNB traded at $296.96 as of this writing. Sharing a statistically significant positive correlation with Bitcoin, it has also been impacted by the general downturn of the crypto market since the beginning of the month. After rallying to a high of $334.43 on August 10, the BNB coin price has decreased by 11%. In addition, trading volume has declined by 5% since the month started.
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