Over the past few months, Binance Coin [BNB] did not only make it to the top 10 cryptocurrencies list on CoinMarketCap, but also registered significant growth to make it to the seventh position. Binance, which is one of the largest cryptocurrency exchanges in the world, created the cryptocurrency, raising concerns of it not being completely decentralized.
In order to increase the adoption of the cryptocurrency, the Binance team released a list of avenues which accept BNB as payment. Binance posted a blog that had a list of use-cases for the coin categorically. The categories included Payment Options, Travel & Utility, Cash, Service, Platform, Entertainment, and Wallet.
Binance tweeted about the increased use-cases of BNB and asked its users for suggestions to further adoption. Binance tweeted:
Binance published more than 50 merchants and cryptocurrency projects that were using BNB coin and the prominent members on the list were HTC, CoinGate Exchange, Crypto.com, Trezor, and PundiX. The team informed users that they can now make payments through Loom Network’s PlasmaChain platform.
Binance Coin [BNB], at press time, was valued at $16.78 with a market cap of $2.36 billion. It registered a 24-hour trading volume of $195 million, while also reporting a fall of 0.30% over the past day. The coin surged by 10.44% over the past week.
Binance registered the maximum trading volume of the coin and also took the first and second position in trading. Binance registered a trading volume of $53 million via the BNB/USDT pair, followed by the BNB/BTC pair with a volume of $42 million. The third place was taken by LBank, with a volume of $13 million via the BNB/USDT pair.
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