There is strength in numbers and Binance Coin (BNB) has proven that time and again with its robust community of Bitcoin enthusiasts whose faith in the coin has always been its strong fortress. BNB surpasses 1 billion in terms of trading volume following network upgrade BNB price up by 2.04% Binance launches Binance Account Bond (BAB) for KYC verification Recently, Binance rolled out the Binance Account Bond (BAB) token, it’s a token used to identify users of BNB that have successfully finalized KYC verification. The launch of BAB was announced via a tweet. This latest update will allow users to present this as identity authentication and also for creating different projects and earning rewards on the platform. Following the BAB announcement, BNB price has spiked by 6% in just over 24 hours making it one of the top cryptocurrencies according to market cap. Binance Coin Upgrade Boosts Trading Volume According to CoinMarketCap, Binance Coin price has skyrocketed by 2.04%, trading at $295.28 as of press time. Additionally, trading volumes have also surged over 1 billion in sync with the latest upgrades. The Market Value Realized Value (MVRV) Ratio also increased accordingly and will continue to spike in the coming days. Further, Changpeng Zhao, CEO of Binance, clarified in a tweet that the “BAB token holds no data or utility other than to signify that the wallet holder has passed KYC checks through Binance.” This may be the case f...
