Investors expect BNB price jump amid news of Binance, Musk and French expansion 16
Photo: David Paul Morris / Bloomberg

Investors expect BNB price jump amid news of Binance, Musk and French expansion

Cryptocurrency has backed the eccentric billionaire's offer with a $ 500 million investment.

Binance has come into the media spotlight these days as it continues to expand its online and global presence. First there was news about the new regulatory approval of the stock exchange, which allows it to move to Europe, and today there was even more intriguing information that cryptocurrency has invested in the purchase of Twitter by Elon Musk. These two stories supported cryptocurrency trading with the BNB, at least until the decline in the entire cryptocurrency market began, amid the collapse of the BTC.

For starters, the European market is quite tempting for Binance, which is already the largest crypto exchange in the world. As its operations in Asia continue to shrink, investors are curious how the company will fill the gaps. Now, today’s news sees the answer to that question; cryptocurrency has received regulatory approval in France.

It will allow Binance to facilitate the trading of digital currencies and provide third parties with custody of these assets. The Communication notes the “first such license” of its kind in Europe. The news comes after information that the BNB has received similar approval from regulators in Abu Dhabi and Bahrain, which marks its expansion in the Middle East market. Investors will certainly be vigilant in the coming days, because they expect possible growth.

BNB – in the spotlight, along with Binance’s investment in the purchase of Twitter by Elon Musk

The news that Binance has invested $ 500 million in the purchase of Twitter by Elon Musk is definitely the key event that attracts the interest of its supporters.

Overall, Tesla’s bid for $ 44 billion in social media was well received by most people in the crypto community. Coinbase CEO Brian Armstrong called the purchase “a great profit for free speech.” It is a bit surprising that the largest crypto exchange in the world is also of this opinion.

Cryptocurrency has backed the eccentric billionaire’s offer with a $ 500 million investment. This money comes along with investments from several venture capital firms, billionaires, financial services companies and even the state of Qatar. In total, these organizations have generated over $ 7 billion to support the purchase.

Against the background of all these events, crypto traders expect that the price of BNB cryptocurrency may respond with considerable growth. Of course, for this to happen, the crypto market environment needs to calm down, and the “bloody” bath of digital currencies today must soon be extinguished with great growth.