Reading Time: 2 minutes

BNB token gained 11% in a single day after the announcement of the partnership between Simplex and Binance to easier cryptocurrency purchase.

Binance is one of the biggest cryptocurrency exchanges in the space and Simplex is the leading fraudless payment processing provider for the crypto world, providing global credit card processing with zero exposure to fraud.

On the 31st of January, Simplex announced on its social media channels the new partnership with Binance exchange, which will allow the users to purchase cryptocurrency directly with their credit/debit cards.

In their tweet: “We are super excited to announce the new partnership with Binance – the leading crypto exchange! Making it easier for mainstream users to buy crypto and continue transforming the financial space.”

In a personal statement from the CEO of Binance Changpeng “CZ” Zhao we read: “We want to provide Binance users with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On, you can now buy crypto with credit cards and start trading in minutes.”

Simplex has been active for years now with big partnerships like BitMart, Xapo, BTCC and Changelly between the others. 

Apart from recent news, BNB is been also utilized in Binance launchpad as one of the main cryptocurrencies for purchases. This mechanism definitely provides bigger exposure and usage for BNB token; an example would be the recent BitTorrent Token Sale happened at the end of January on Binance.

Looking at the BNB price, a major resistance was hit around the $7 USD range. A considerable breakthrough would be a positive sign in addition to recent news.

In a smaller time frame, we can see an 11% gain in price in 24h with volumes that spiked over the average in a short amount of time.

What do you think about the BNB future? Let us know below in the comment section and remember that this is not financial advice but our personal opinion about the project and its development. 

We are coming out with one daily news every day of the week for our loyal followers, so don’t forget to follow us on our social media channels like Twitter, Facebook and Reddit. We also have a Telegram channel where we post our daily articles.