3/5/2023 0 Comments Binance coinHe doesn't plan to be CEO of Binance forever. In 2013 he joined the team of wallet developers for. Zhou, who goes by "CZ," had previous fintech experience building high-frequency trading programs for stockbrokers out of Fusion Systems, a software company he founded in 2005. Zhou Changpeng founded Binance in 2017 and launched the exchange along with Binance Coin as the crypto trading platform's native currency. The Binance Coin price is strongly influenced by fundamentals such as global macro market leading indicators, total crypto industry market capitalization and volume, and the health of the Binance exchange, the blockchain business it supports.īinance launched BNB tokens in June 2017 as the market for Bitcoin, and a number of altcoins were heating up to dazzling all-time-high prices. It is a deflationary cryptocurrency with a hard supply limit of 200 million. BNB runs on a "proof-of-staked authority" blockchain, a combination of proof-of-stake and proof-of-authority validation. They can also trade it for other crypto coins like Bitcoin (BTC). Account holders receive discounts when they purchase BNB and use it to pay brokerage fees on a Binance cryptocurrency exchange. Launched in July 2017, Binance Coin (BNB) is a utility token created for users of Binance cryptocurrency exchanges.
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