Binance Coins have migrated from Ethereum blockchain. BNB/USD showed little reaction amid technical correction. Malta-based cryptocurrency exchange announced a successful migration of Binance Coin tokens from Ethereum to the proprietary blockchain and opened deposits and withdrawal functionality. BNB tokens based on ERC-20 standard are still supported, which means that users can deposit them to Binance, though they will be automatically converted to BEP2 standard supported by Binance Chain. “Just burned 5mm ERC20 BNB, commencing swap to the real #BNB,” the head of Binance Changpeng Zhao wrote in his Twitter account before the swap. Interestingly, Binance Coin showed rather muted reaction. BNN has lost about 1% of its value in recent 24 hours to trade at $24.30 at the time of writing. The coin is sliding down even as Bitcoin and all major altcoins are growing. The divergence may be explained by a technical correction after a strong growth during the previous week. BNB/USD hit the all-time high at $25.05 on April,20. Also, it is worth noting that the mainnet of Binance Coin, Binance Chain, was launched in the previous week. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Technical Analysis: Bears now await a sustained break below 0.7100 mark/ascending trend-line support FX Street 4 years Binance Coins have migrated from Ethereum blockchain. BNB/USD showed little reaction amid technical correction. Malta-based cryptocurrency exchange announced a successful migration of Binance Coin tokens from Ethereum to the proprietary blockchain and opened deposits and withdrawal functionality. BNB tokens based on ERC-20 standard are still supported, which means that users can deposit them to Binance, though they will be automatically converted to BEP2 standard supported by Binance Chain. "Just burned 5mm ERC20 BNB, commencing swap to the real #BNB," the head of Binance Changpeng Zhao wrote in his Twitter account before the swap. Interestingly,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
