Binance CEO Changpeng Zhao (CZ) has called out exchanges that are yet to list BSC projects. CZ made the comment in a recent tweet in response to a post by top BSC project PancakeSwap.
Notably, CZ emphasized that his comments were not directed at any particular exchange. However, Coinbase is yet to add support for BNB despite it being the third-ranking crypto by market cap, which raises eyebrows.
To clarify, the Binance Smart Chain (BSC) is a smart contracts network that rivals the Ethereum network. In fact, BSC has offered a cheaper and faster alternative to the often congested Ethereum network.
BSC is a robust network that supports several leading projects. PancakeSwap (CAKE), for instance, is a decentralized exchange (DEX) on the BSC. Also, it has seen gains of over 140% over the past month and 16% in the last 24 hours.
Other top BSC projects by market cap include The Graph, Binance USD, Ontology, and 1inch. Moreover, the BSC market cap is currently $107,339,782,237 with a $19,427,810,819 trading volume.
Also, in another tweet CZ noted that ETH is only 3.3 times bigger than BSC. This fact is worth noting as BSC does not face the scaling challenges currently limiting ETH. For this reason, CZ believes that exchanges that have not listed BSC projects are in fact shortchanging their users.
This article was first published on coinquora.com
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Source: Cryptocurrency - investing.com
