Blockchain

Beyond Bitcoin and Ether: 10 Cryptocurrencies to Know

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6 months ago

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Illustration: Dado Ruvic (Reuters)

BNB, formerly known as Binance Coin, is a cryptocurrency created and issued by Binance, the largest cryptocurrency exchange by trading volume.

Binance Chain’s native coin, BNB, was originally created on the Ethereum blockchain in July 2017 and migrated to BNB Smart Chain in February 2019. BNB can be used to pay trading fees on the Binance cryptocurrency exchange at a rate discounted. Additionally, BNB can also be used for various payments, including travel, credit card fees, gifts, and more. Due to its use cases, BNB has seen significant growth in recent years.

BNB is the fourth largest cryptocurrency by market capitalization and its price reached an all-time high of $711 on June 5, 2024.

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