![]() ![]() The integration gave BNB holders more real-world places to spend their coins and demonstrated BNB's benefits as a payment method. This allowed TravelbyBit merchants to accept BNB as payment. In 2018, Binance acquired TravelbyBit, a blockchain-based payment system focused on the travel industry. This gave holders more options for managing their assets offline in “cold storage.” Partnership with a leading hardware wallet company like Ledger also lent more credibility to BNB as a long-term asset. In 2019, Ledger added support for BNB, allowing users to securely store their Binance Coin on Ledger hardware wallets. Here are some noteworthy partnerships from BNB’s history. Strategic partnerships have introduced BNB to new demographics and expanded the utility of the coin. These new products and services on the Binance platform give BNB holders more places to spend their coins, adding value. Binance launched the Binance DEX, Binance Academy, Binance Info, Binance Launchpad, Binance Pay, and more to provide more utility for BNB. Increased Use CasesĪdditional use cases for BNB have incentivized holding the coin. These scheduled coin burns create hype and speculation around BNB price increases. Coin burns decrease the circulating supply, which can positively impact the price when demand remains high or increases. ![]() One of the key features of BNB is that Binance publicly burns a portion of the supply each quarter. Binance quickly became one of the top trading platforms, helping drive mainstream adoption of BNB. The launch of the Binance exchange was monumental for exposing BNB to a wider audience. It has since moved to Binance Chain and then Binance Smart Chain. Launch of Binance ExchangeīNB was first issued during the Binance ICO in 2017 and was built on the Ethereum blockchain. Some of the most significant events that have driven interest and price movement for Binance Coin include exchange launches, coin burns, and new use cases. There have been several key events, partnerships, and news items that have acted as catalysts impacting Binance Coin over the years. As one of the largest exchanges in the crypto space, Binance has a major influence on the price and adoption of BNB. Binance Coin ( BNB) is a leading cryptocurrency that powers the Binance ecosystem. ![]()
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