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Binance Coin (BNB) – Crypto price chart, background, and sentiment |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges and blockchain networks.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Launched in 2017, Binance Coin initially operated on the Ethereum blockchain but later became the native currency of Binance’s own blockchain, the Binance Smart Chain or BNB Chain. BNB serves multiple purposes within the Binance ecosystem, including paying for transaction fees on the Binance exchange, participating in token sales on the Binance Launchpad, and facilitating transactions on the BNB Chain.
BNB has gained significant traction due to Binance’s dominant position in the crypto market. The coin’s value is closely tied to the success and growth of the Binance ecosystem, including its exchange. Binance regularly conducts burns of BNB, permanently removing coins from circulation, which can impact its supply and price. As with most other cryptocurrencies, BNB is influenced by overall crypto market trends, regulatory developments, and innovations within the Binance ecosystem. All cryptocurrencies are extremely volatile, and analysts are divided on their long-term value.
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