Binance Founder’s Dominant Ownership Of BNB Threatens Its Future Amid Bitcoin And Ethereum Decline
ETFSwap Revolutionizes DeFi with Transparent Tokenized ETF Trading
Binance Founder, Changpeng Zhao’s dominant ownership of Binance Coin (BNB) could negatively impact the future of the cryptocurrency, particularly amid the intensifying declines in the price of Bitcoin (BTC) and Ethereum (ETH). On the other hand, ETFSwap (ETFS) has developed a seamless token distribution system, that ensures a fair and transparent token allocation process for investors.
ETFSwap (ETFS) Unveils Transparent Crypto And ETF Trading Platform
As a tokenized trading platform, ETFSwap (ETFS) offers the very best of the DeFi landscape and its utility by leveraging advanced market-making capabilities and ensuring investors always have optimal liquidity. This platform provides access to tokenized institutional ETFs and supports users with up to 10x leverage on all trades, enabling them to potentially amplify their profit margins.
By building its platform on the blockchain, ETFSwap (ETFS) offers borderless and decentralized ETF trading capabilities, which effectively eliminates geographical barriers and centralization. Its integration with blockchain technology is made possible because it collaborates with MiCa-compliant regulated investment banks.
In terms of security, ETFSwap (ETFS) employs cutting-edge security measures and tools to protect users' investments and personal data. This platform has been audited by CyberScope, a leading cybersecurity and blockchain audit firm. Additionally, ETFSwap (ETFS) incorporates Artificial Intelligence (AI) powered ETF screeners and trackers that offer real-time insights and predictive analysis for trading ETFs.
As a platform set to redefine the ETF trading landscape, ETFSwap (ETFS) has relayed plans to launch its own ETF by 2025. This move will further expand its offerings which include a wide range of commodities that allow investors to diversify their portfolios while mitigating risks as they explore the ETF market.
Before the launch of its ETF, ETFSwap (ETFS) plans to release its Beta platform in 30 days. This platform promises to deliver a user-friendly interface tailored to enhance trading performance and efficiency.
At the heart of its ecosystem is its native token, ETFS an ERC-20 tone that allows investors to take advantage of the numerous trading resources and opportunities available on ETFSwap. By purchasing ETFS during its ongoing presale Investors will be able to enjoy high yields from staking and potential gains as demand for ETFS tokens grows following the possible launch of a Solana and XRP ETF.
Binance Founder Holds 64% Of All Binance Coin (BNB) In Circulation
Binance Founder and former Chief Executive Officer, identified by the acronym, CZ, officially owns approximately 64% of all the Binance Coin (BNB) in circulation. Impressively, the crypto founder also holds a 90% equity stake in Binance, one of the world’s largest crypto exchanges.
This significant concentration of Binance Coin (BNB) token ownership could threaten its future, as CZ wields substantial power through his massive holdings. Presently, Binance Coin (BNB) ranks as the fourth largest cryptocurrency by market capitalization, trailing behind Ethereum (ETH), in second place and Bitcoin (BTC) in first.
While Bitcoin (BTC) and Ethereum have a much larger market capitalization, Binance Coin (BNB) market value is approximately $87.5 billion. This staggering valuation signifies the cryptocurrency’s considerable influence and position in the market.
News of this concentrated ownership of Binance (BNB) also comes as Bitcoin (BTC) and Ethereum (ETH) are facing major declines in the market. Over the past month, the price of Bitcoin (BTC) has been on a downward trend, recording a substantial 5.83% decline over the past seven days and another 1.57% in the last 24 hours. According to CoinMarketCap, as of writing, Bitcoin (BTC) is trading at $65,375, falling by more than $4,000 from the $70,000 threshold.
Similarly, Ethereum has fallen significantly and is currently trading at $3,439. Ethereum has experienced a significant 4.79% decline in the last 24 hours and a major 6.17% decrease over the past week.
The decline of both Bitcoin (BTC) and Ethereum, two of the market’s most traded and highly popular cryptocurrencies have significantly impacted the market’s sentiment, possibly triggering the recent decline of other altcoins like Binance Coin (BNB) which has experienced a 2.33% decline.
Conclusion On Binance Founder Dominant Binance (BNB) Ownership
Crypto enthusiasts can capitalize on ETFSwap’s ongoing presale to buy ETFS tokens ahead of its anticipated price surge. Investors have already bought more than 15 million tokens in less than two weeks, underscoring the cryptocurrency’s heightened demand in the market.
For more information about the ETFS Presale:
