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Spotlight on investment risk attributes of Binance coin (BNB)

We reiterate that, with over ten million users, eToro, has now been the pioneer investment platform to offer BNB apart from the Binance Exchange. Well, this has been a remarkable milestone as it sums-up the total number of crypto assets available on the platform to 13. BNB is a token issued by Binance. As a value-added package, with the addition of BNB, eToro now offers both utility and security tokens on its platform.

Trading cryptocurrencies can potentially be very profitable as seen in the past, but it is also a very challenging activity that can carry a significant level of risk. 

Cryptocurrency markets are associated with high volatility, and BNB is no exception. It is important to carefully assess the investment goals, methodology and level of experience before deciding to start investing in a new market. It is also extremely important to diversify and view cryptocurrency as an additional element of portfolio.

The evolution of Binance over the last few months has been incredible, with several million active users and expected profits of up to $1 billion in 2018.

The growth in barely a year to become the largest cryptocurrency exchange in the world is simply unprecedented.

Binance is working on a native blockchain called Binance Chain to handle all its operations. When the blockchain is ready, BNB will become a native coin on the Binance Chain instead of an Ethereum-based ERC20 token. 

Given the high risk associated with this type of asset, it is recommended not to allocate more than 20% of your portfolio into cryptocurrencies. Given that the possibility to lose a part or even all the money invested exists, it is extremely important to invest only money that you can afford to lose. 

In any case, all the information presented in this Market Report does not constitute financial advice, and introduces no obligation or recommendations for action. 

Currency Strength Index: FxWirePro's hourly BTC is flashing at -177 (highly bearish), while USD spot index is flashing at 55 levels (which is bullish), while articulating at (12:43 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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