BounceBit

Generation

Apple

Yield

Time

The BounceBit (BB) price rallied by an impressive 90%&nbsp;today,&nbsp;amid a flurry of&nbsp;major&nbsp;listing&nbsp;announcements&nbsp;and mainnet launch announcements. In addition, this surge follows Binance’s recent announcement of extending support for BB, further elevating investors’ confidence. With Binance’s backing, BB enters a new realm of opportunities, presenting an enticing prospect for&nbsp;both&nbsp;traders and enthusiasts alike.
<h2 id="span-data-preserver-spaces-true-binance-extends-support-for-bouncebit-span">Binance Extends Support for BounceBit</h2>
<a href="https://coingape.com/blog/binance-exchange-review/" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, the leading crypto exchange platform, has made a groundbreaking move by incorporating BounceBit (BB) into its ecosystem. This integration encompasses&nbsp;various&nbsp;features, including&nbsp;Simple Earn, Buy Crypto, Convert, Margin, Futures, and Auto-Invest.&nbsp;Notably, with BB now available on these platforms, users gain unprecedented accessibility and flexibility in managing their digital assets.
Meanwhile, Binance’s decision to list BB on its <a rel="noopener noreferrer nofollow" href="https://www.binance.com/en/support/announcement/binance-adds-bouncebit-bb-on-earn-buy-crypto-convert-margin-futures-7c0192c1c335464eb34596782d0022dc" target="_blank">Simple Earn</a> platform allows users to subscribe to BB Flexible Products, offering a seamless way to earn returns on their crypto holdings. Besides, the inclusion of BB in the Buy Crypto feature enables users to purchase BB directly using credit/debit cards, Google Pay, or Apple Pay, simplifying the acquisition process. On the other hand, users can effortlessly trade BB against BTC, USDT, and other tokens supported by Binance Convert, all at zero fees.
Simultaneously, the&nbsp;extension of support for <a href="https://coingape.com/binance-announces-airdrops-web3-quest-platform-megadrop/" target="_blank" rel="noopener noreferrer nofollow">BounceBit (BB)</a> on Binance Margin and Futures further amplifies its utility and market reach. BB becomes a new borrowable asset on Cross and Isolated Margin, facilitating margin trading activities. Meanwhile, the launch of&nbsp;the USD BB Perpetual Contract on Binance Futures with up to 50x leverage opens avenues for traders to capitalize on BB’s price movements.
The Multi-Assets Mode feature enhances flexibility by allowing users to trade the BBUSDT Perpetual Contract across multiple margin assets, subject to applicable haircuts. Notably, this comprehensive approach underscores Binance’s commitment to providing a robust and user-centric trading experience.
Also Read: <a href="https://coingape.com/btc-rally-why-bitcoin-price-rising-today/" target="_blank" rel="noopener noreferrer nofollow">Why Is Bitcoin Price Rising Today?</a>
<h2 id="span-data-preserver-spaces-true-price-rallies-amid-mainnet-launch-major-listings-span">Price Rallies Amid Mainnet Launch &amp; Major Listings</h2>
The BounceBit rally also follows major listing announcements from other major crypto exchanges. For context, the leading <a href="https://coingape.com/glossary/Crypto-exchange-2/" target="_blank" rel="noopener noreferrer nofollow">crypto exchange</a> Bitget has announced the launch of BounceBit on its platform in the BTC Ecological Zone and DeFi Zone. The trading opening time is May 13, at 18:00 UTC, while the withdrawal time will start&nbsp;on&nbsp;May 14 at 19:00 UTC.&nbsp;
In addition, BounceBit celebrates a significant milestone with the launch of its Mainnet, following a successful Water Margin TVL Event. With approximately $1 billion in <a href="https://coingape.com/glossary/tvl-total-value-locked/" target="_blank" rel="noopener noreferrer nofollow">Total Value Locked (TVL)</a> and nearly 400,000 early contributors, BounceBit has demonstrated remarkable growth since its rollout in late January 2024.&nbsp;
Meanwhile,&nbsp;the introduction of&nbsp;the <a rel="noopener noreferrer nofollow" href="https://medium.com/@bouncebit/bouncebit-mainnet-is-live-dc45e6f56c8c" target="_blank">Premium Yield Generation</a> feature allows thousands of staked BTC to generate yield through Funding Rate Arbitrage.&nbsp;The Testnet phase proved the robustness of the BounceBit Network and the resilience of the BounceClub ecosystem, according to the announcement.&nbsp;
Following these developments, the BounceBit price surged 90.35% to $0.5463, with its trading volume at $259.94 million. Since its trading launch, the BouceBit price has touched a high of $0.5609,&nbsp;and a low of $0.2898.
<figure id="attachment_196661" aria-describedby="caption-attachment-196661" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-196661" src="https://coingape.com/wp-content/uploads/2024/05/BounceBit-Price-Chart-13-05-24.png" alt="BounceBit Price Chart" width="752" height="534" srcset="https://coingape.com/wp-content/uploads/2024/05/BounceBit-Price-Chart-13-05-24.png 988w, https://coingape.com/wp-content/uploads/2024/05/BounceBit-Price-Chart-13-05-24-300x213.png 300w, https://coingape.com/wp-content/uploads/2024/05/BounceBit-Price-Chart-13-05-24-768x546.png 768w, https://coingape.com/wp-content/uploads/2024/05/BounceBit-Price-Chart-13-05-24-150x107.png 150w" sizes="(max-width: 752px) 100vw, 752px">
 <figcaption id="caption-attachment-196661" class="wp-caption-text">
 BounceBit Price Chart
 </figcaption>
</figure>
Also Read: <a href="https://coingape.com/bitcoin-investment-products-see-inflows-first-time-after-five-weeks-upside-confirmed/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Investment Products See Inflows First Time In Five Weeks, Upside Confirmed?</a>
The post <a href="https://coingape.com/bouncebit-price-rallies-90-binance-extends-support-bb/" rel="noopener noreferrer nofollow">BounceBit Price Rallies 90% As Binance Extends Support For BB</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

BounceBit Price Rallies 90% As Binance Extends Support For BB

Table of Contents

Coingape News Media

Other articles published on May 13, 2024

Crypto Market Analysis: When Will Bitcoin and Altcoins Rally?

Compared to the market for cryptocurrencies, the daily growth rate of AI tokens was three times h...

CEO Drops Bombshell: Trump Campaign Eyes Crypto-Friendly Policies

Cryptocurrency Market’s Latest Technical Insights

ChatGPT On Apple iPhone, Make Or Break Data For Stock Market Ahead

Recent Trends in Bitcoin and Altcoin Markets

Join our free newsletter for daily crypto updates!