Last week Binance announced that it will stop serving U.S. traders, which caused BNB price to suffer a major fall. However, it has been recovering on the strength of positive ecosystem news.
First, Binance announced that it is planning to issue a number of tokens pegged to leading cryptocurrencies on Binance Chain. This will boost the number of trading options on Binance. com and should also increase liquidity on Binance DEX.
Second, the exchange is planning to launch a regulatory-compliant fiat-to-crypto market in the United States.