Nano Labs has recently made a significant foray into the cryptocurrency market. The Nasdaq-listed firm has started to strategically invest in
Binance Coin (BNB), with a recent purchase of $50 Million worth of BNB as a part of their reserve plan. They further plan to acquire a total of $1 Billion BNB, with an aim to hold up to 10% of the supply. This move has skyrocketed their stock, implying a high level of confidence from the market. The company also recently
announced plans to issue $500M of convertible notes to fund its BNB treasury.
Further expansion has been accounted for with their interest into obtaining licenses for HKD and Offshore RMB stablecoin businesses, and also launching a CNH-pegged stablecoin in
Kyrgyzstan. However, a notable shift was observed when Nano Labs bought about $50 million of BNB, expanding their digital asset reserves to around $160 Million. This move comes after a reported loss of $1.6 million, indicating a change in their business strategy.
Moreover, the cryptocurrency exchange
Coinbase is set to launch US perpetual-style futures of
Nano Bitcoin in July and XRP, nano XRP in August. The derivatives platform of Coinbase is also expanding with the addition of XRP futures.
Meanwhile, consumer interaction with cryptocurrency hardware is evolving. The Ledger's CTO has issued a warning about a potential NPM supply-chain attack hitting over one billion downloads, indicating potential security risks.
Nano Coin News Analytics from Tue, 13 Feb 2018 08:00:00 GMT to Fri, 19 Sep 2025 16:28:08 GMT -
Rating 8
- Innovation -2
- Information 10
- Rumor -5
