Chinese Users of Binance to Trade BNB P2P

Chinese users of crypto exchange Binance can now access BNB P2P in China through the Binance App. Recently, Binance added its native Binance Coin (BNB) on the newly launched peer-to-peer (P2P) trading platform.

In the announcement, the listing will let Chinese traders trade the digital currency against the Chinese yuan. They can do this with the use of Binance’s mobile application.

Moreover, earlier this month, the Malta-registered exchange launched its P2P platform. And it aims to tap into the lucrative yet limited Chinese market. In the beginning, the platform only has available trading for Bitcoin, Ether, and Tether against the Chinese yuan (CNY). But now, it is starting to increase its offerings.

As of now, the P2P trading service only runs for Android users. However, the exchange is currently working on adding the same support to iOS devices and web clients.

XRP on Crypto Transactions

Meanwhile, the number of XRP transactions is soaring. It almost hit an all-time high of 1.70 million.

Based on the crypto data tracker BitInfoCharts, the daily transactions of XRP now account for over 50 percent of the whole cryptocurrency transactions in the past day. Then, Ether comes in second, while Bitcoin (BTC) and Bitcoin SV (BSV) set in a shared third place.

Before, the daily transactions of XRP were also high. They resulted in the crypto markets reveling in the middle of the famous bull run of December 2017.

Aside from that, on October 21, XRP processed about 730,000 daily transactions. About eight days after, the third most popular crypto coin recorded 1.6 million daily transactions. Also, this constitutes an increase of over 100% in less than a week. Since then, XRP has been eyeing a new-all-time-high in daily transactions.

Until now, the reason for the boost in daily transactions remains unknown. However, it is clear that speculation is about to run wild.