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**BNB (Binance Coin) in the Crypto Market**
BNB (Binance Coin) is a popular cryptocurrency launched by the Binance exchange in 2017. Initially created as a utility token for discounted trading fees, BNB has evolved into a versatile asset used across the Binance ecosystem, including Binance Smart Chain (BSC), DeFi, NFTs, and more. With a limited supply and periodic burns, BNB’s deflationary model enhances its value over time. Its strong use cases, such as transaction fee payments, staking, and participation in token sales, make it a key player in the crypto market. BNB’s performance often reflects Binance’s growth, making it a favorite among investors. Despite regulatory challenges, BNB remains a top cryptocurrency by market cap, showcasing resilience and innovation in the blockchain space.
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