The digital asset trading platform Cryptology listed Binance Coin with the BNB / USDT pair.
Headquartered in Singapore with an international presence in London and Moscow, Cryptology is a full-featured next-generation asset trading platform. Their trading platform configuration is straightforward and efficient, providing users with a single point of access to global financial markets. Supporting a range of accounts and digital assets, Cryptology provides traders with a comprehensive and professional trading solution.
“At Cryptology, we provide reliable access to a broad range of trading options. Start investing in crypto today: buy, sell, invest and trade crypto easily. Make your crypto work,” reads on their official website.
Binance Coin, on the other hand, is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second.
Binance was launched in July 2017 and it is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance: Binary Finance, or Binance.
The coin is used as a utility token for the Binance exchange platform and allows users to pay for transactions and trading fees at a lower rate than they would with other tokens. Binance uses the process of token “burns,” meaning they use the profit from token sales to repurchase more BNB and then burn them.According to CoinMArketCap, the price of Binance Coin at the moment of writing this article is US$548,02 with a 24-hour trading volume of US$1.557.738.323. BNB is currently number 3 in CoinMarketCap ranking, with a live market cap of US$91.410.038.894. It has a circulating supply of 166.801.148 BNB coins and a maximum supply of 166.801.148 BNB coins.
