Research from e27

Crypto

<ul><li>ZaynFi, a stablecoin yield optimiser on BNB Chain, has announced a US$600,000 funding led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru.</li><li>Started by Syakir Hashim and Aziz Zainuddin, ZaynFi is a <a href="https://www.investopedia.com/decentralized-finance-defi-5113835" target="_blank" rel="noopener">DeFi</a> protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain.</li><li>According to the company, it helps users stake into the best liquidity pools across popular decentralised exchanges, enabling trades to happen while earning trading fees and rewards.</li></ul>

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

<ul><li>Price Movements: Binance's BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.</li><li>Market Liquidity: Throughout December, BTC market depth on Coinbase has increased 46% while on Binance, depth is down 5%.</li><li>Derivatives: Open interest for BTC and ETH perpetual futures has nearly halved since November. </li></ul>

<ul><li>Price Movements: The tokens for the decentralized derivatives exchanges dYdX and GMX have surged since the collapse of FTX.</li><li>Market Liquidity: Dollar trading volumes for BTC markets dropped to two year lows relative to Tether. </li><li>Derivatives: BNB funding rates dip to their most negative this year.</li></ul>

Tech in Asia

Research from Tech in Asia

<ul><li>Familiar names in Singapore landed in the top five of a list featuring crypto exchanges with strong anti-money laundering (AML) systems.</li><li><p>Blockchain.com and Independent Reserve, which are both licensed to operate in Singapore, ranked first and third place respectively. Crypto.com, which has in-principle approval, placed fifth.</p></li><li><p>Binance, the largest crypto exchange in the world, in the 42nd  spot.</p></li></ul>

Rose Choy

Credit/ Macro/crypto analyst/ Former credit/MA PM

<ul>
<li>The new Mastercard Binance debit card allows users to make purchases with selected cryptocurrencies in their Binance wallet and will first be rolled out in Argentina.</li>
<li>BNB, the Binance native token, will benefit from network effect as adoption for the crypto card grows.</li>
<li>Binance is expanding its payment strategy as a tool to drive user adoption and expand its ecosystem.</li>
</ul>

United States

BNB was launched in 3rd July 2017 as an ERC-20 Token that enabled holders to get discounted trading fees at Binance Exchange. BNB has evolved over time to also be the native token of its own blockchain. BNB can still be used to pay for discounted Binance services though it is also heavily used as payment for gas when confirming transactions on BNB Chain.

Binance Coin - XBIUSD CURNCY

Description