Key News for Binance CoinĬreated in 2017 as a utility token for discounted trading fees via Binance, BNB’s numerous applications today include payments for transaction fees, travel bookings, entertainment and financial services. This section explains the key issues affecting BNB’s price and provides a brief look into the price timeline of the currency. These can be beneficial in analysing its price and forecasting future value.
It is crucial to understand past performance and the factors that drive a crypto coin before investing in it. A Brief History on the Price of Binance Coin In other words, the coin certainly doesn’t lack use cases. Meanwhile, BNB is at the heart of it all, bringing benefits such as fee discounts within the exchange, offering smart contracts and dApps creation, and also fuelling the growth of Binance’s DeFi sector.
Its ecosystem also includes the Binance Launchpad, which introduced the IEO trend for the first time in 2019. This is a rich ecosystem that consists of two blockchains, a main centralised exchange, a DEX, multiple fiat-to-crypto subsidiaries around the world, and many other acquired businesses, as well as those launched by Binance itself. Binance Coin is the native cryptocurrency of the Binance exchange and its entire ecosystem.
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