Europe’s biggest digital bank Revolut has added BNB coin transactions to its services. The news was made public after CZ, the creator of Binance said that Revolut listed BNB.
The news, however, did not help the price of BNB change course, making it continue its red trading for the day. At press time, the coin is trading at $634.09, down 9.71% from the same time last day.
What is Revolut and What Services Does it Offer?
Revolut, the biggest unicorn in Europe, has over 40 million users globally, with the UK accounting for one-third of those consumers. Digital banking services, cross-border payments and foreign exchange, international remittances, cryptocurrency trading, etc. are some of its main operations.
The regulated European bank and FinTech behemoth with headquarters in the UK, had previously announced that it has reached a significant milestone of 50 million customers worldwide. The UK is home to 10 million of these.
With more than 10 million new users in 2024 alone, Revolut has experienced incredible growth, becoming the top downloaded financial app in the UK and Europe.
With a $45 billion valuation, a UK banking license with limits during its mobilization stage, and 2023 group revenues exceeding $2.2 billion with pre-tax profits of $545 million, the accomplishment completes an outstanding year for Revolut.
Revolut Aims At Higher Customers
With an aggressive product launch strategy aimed at making it the preferred bank for its consumers, Revolut has set its eyes on achieving 100 million customers.
In the UK, recent innovations include the introduction of mobile wallets for quicker foreign transfers, RevPoints, a pan-European debit card loyalty program, and eSIMs to reduce expensive data roaming expenses. To further protect consumer money, Wealth Protection was introduced, adding an additional degree of biometric protection.
BNB Coin Price: What To Expect?
According to technical indicators, the Fear & Greed Index for the BNB is currently at 74 (Greed), and the sentiment is currently bearish. Over the previous 30 days, Binance Coin had 15/30 (50%) green days and 6.14% price volatility.
With 12 technical analysis indicators indicating optimistic signals and 17 indicating bearish signals, the overall sentiment for the price prognosis of Binance Coin is pessimistic.
The 200-day SMA for Binance Coin is expected to increase over the course of the upcoming month, reaching $609.17 by January 19, 2025. During the same time, the short-term 50-Day SMA for Binance Coin is predicted to reach $732.20.
One well-liked indicator for determining if a cryptocurrency is overbought (above 70) or oversold (below 30) is the Relative Strength Index (RSI) momentum wave. The BNB market is in a neutral position at the moment, as indicated by the RSI reading of 50.24.