The crypto winter is stretching into the year 2019. While many of the cryptocurrency exchanges believed that 2019, will witness the start of a rally but it has not been so. Most of the cryptocurrencies are stagnant. That is why cryptocurrency exchanges are also trying to find newer ways to shore up the growth to at least ensure that the volumes are increasing at a slower pace. Binance is at the forefront of this strategy. It is forging newer and newer partnerships. Binance also offers investors a chance to benefit from the growing trend of investing in cryptocurrencies. It has a coin by the name of Binance coin (BNB) which mimics the fortunes of the cryptocurrency exchange. The question is whether the partnerships by Binance and the strategy to partner with more and more companies will benefit Binance coin (BNB) or not.
Will Binance’s strategy of forging newer partnerships help Binance coin (BNB)?
Binance is also going aggressive on the acquisitions in this crypto winter. In the year 2018, it acquired Trust wallet. The company now is a part other foundation for interwallet operate ability. There are many other cryptocurrency companies which are part of the same foundation. As a result, Binance can offer new services to its customers. The newer services will also help it shore up volumes and attract more visitors.
Thus, the partnerships which Binance is forging is just one of the strategies which it is planning to utilize during the crypto winter. It seems like the other is to acquire newer and newer companies to shore up the growth and offer many different services to its existing user base to keep up the revenue and profits. If it continues to do so, eventually Binance coin (BNB) might also go up due to the improving fundamentals.