The social investment platform eToro has added support for Binance Coin, an internal token of the same name bitcoin exchange. Senior analyst at the company Mati Greenspan is convinced that Binance was able to create a real utilitarian token, unlike other ICO projects.
Binance Coin is now available on eToro.
Here you should know about $ BNB :
▪ Created by the world's largest crypto exchange, Binance, BNB.– eToro (@eToro) October 29, 2018
Greenspan is not sure whether US residents will be able to trade BNB on eToro, but sees no point in imposing such restrictions.
“No one will land for this ,” he said in a telephone conversation with The Block.
Nevertheless, the promise of the Binance exchange to buy out tokens over a certain period, according to lawyer and member of the scientific community of the institute Adam Smith Preston Byrne, suggests that coin holders receive dividends similar to those received by shareholders of public companies.
So, Byrne is sure that Binance Coin can be considered as a security, however, he stressed, eToro probably estimated all the risks and found them acceptable.
Recall that in August, eToro analysts came to the conclusion that Litecoin is significantly undervalued.
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