Binance Teases BNB, DOGE, and MASK For Payments On Twitter? Here's The Complete Truth

Binance, the biggest cryptocurrency exchange in the world, announced the release of USDⓈ-M Binance Bluebird Index perpetual contracts on Wednesday. BNB, DOGE, and MASK tokens are all tracked by the Bluebird Index. Some believe Binance CEO “CZ” mentioned payment tokens that Twitter will enable. It is already anticipated that BNB and Dogecoin (DOGE) would be supported on Twitter.

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Binance CEO claimed the company is only an investor in the purchase and isn’t involved in Twitter operations. Binance can assist Musk with web3, accept cryptocurrency payments, and decrease spambots. But he thinks Twitter ought to embrace more cryptocurrencies than only DOGE and BNB. Probably not the best course of action is to choose only one crypto.

Binance Bluebird Index Sparks Interest

The BNB, DOGE, and MASK performance are tracked by the Binance Bluebird Index, a cryptocurrency price index introduced in November 2022. The Index is determined by a method that takes into account the weighted averages of the tokens’ current USDT prices on the Binance Spot market.

According to an official announcement made on November 2, Binance Futures will introduce USDⓈ-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts) on November 2 at 12:00 UTC. In the case of perpetual contracts, Binance intends to provide leverage of up to 25x. 

BNB, Dogecoin (DOGE), and Mask are among the cryptocurrencies that are tracked by Binance’s new cryptocurrency price index. Additionally, Binance uses weighted averages of the current USDT prices of the constituent tokens on the Binance Spot to generate the index.

Crypto expert Miles Deutscher wonders if Binance CEO “CZ” made any allusions to the cryptocurrencies that would be accepted for Twitter payments. The theory behind the rumor is that if Elon Musk integrates Dogecoin for payments on Twitter, Binance will seek to support BNB there.

In fact, “CZ,” the CEO of Binance, stated in an AMA yesterday that it is not preferable to endorse a single cryptocurrency on Twitter. Not just DOGE and BNB, but other cryptocurrencies should have support from Elon Musk on Twitter. 

Furthermore, he stated Elon Musk is preoccupied with managing Twitter and firing workers. Therefore, there isn’t a good time right now to support cryptocurrency on the platform. Elon Musk, though, holds Bitcoin and is a major Dogecoin fan. Therefore, Twitter might add some crypto-related features.

BNB, DOGE, and MASK see a surge in trading volume.

Dogecoin and BNB experienced a huge trading volume and price movement due to Twitter rumors that supported these crypto assets. Dogecoin’s arrival on Twitter was previously teased by Elon Musk. On Twitter, the CEO of Binance also suggested support for BNB. The price of DOGE increased by almost 130% in a single week, while the price of BNB increased by over 12%.

The price of the MASK token, however, increased by around 250% in a single week. The MASK price has increased by more than 55% in the past day and is currently trading at $3.63. A day’s worth of trading volume has increased by over 270%.

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