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Binance Coin [BNB] listed on Changelly; makes way for more tokens, faster transactions

Akashnath

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Binance Coin [BNB] listed on Changelly; makes way for more tokens, faster transactions
Source: Pixabay

Changelly, a popular cryptocurrency exchange platform, had announced a partnership with Binance in late April. Today, Changelly announced that Binance Coin [BNB] is listed for trade on Changelly’s platform.

Changelly is an instant cryptocurrency exchange that claims to provide the best exchange rates on the market. It has over a 100 coins listed and processes around 15k transactions a day. Changelly is reported to have a little over 2 million registered users from around the globe.

The Changelly-Binance partnership was announced in an effort to bring more tokens, faster transactions, and better rates to users. Chengpeng Zhao [CZ], CEO of Binance, had commented:

“After meeting Konstantin in person to finalize our partnership, I am confident that Changelly has a professional team with great experience and even bigger potential. We believe that together we will provide users all over the world with a top-class level of service.”

Konstantin Gladych, CEO at Changelly, giving his opinion on the Binance partnership, said:

“This partnership is a huge honor for Changelly: I am sure that it will help us provide even higher-quality service to our users around the world and increase our presence on the crypto market. The top exchange trusts us to have business with — this gives us confidence in what we do, and also responsibility to ensure five-star user experience. We are up for the challenge!”

Binance Coin [BNB] is a token issued by Binance itself. It runs natively on the Ethereum blockchain and follows the ERC20 token standard. The token was established with a total supply of 200 million.

According to Binance’s whitepaper, the plan is to use 20% of Binance’s profits each quarter to buy back BNB and burn it until no more than 50% of the original amount of BNB is left [100 million BNB]. All buyback transactions would be announced on the blockchain.

At press time, the market cap for BNB stands at $1.825 billion, and BNB is priced at $16.01, with a circulating supply of 114,041,290 BNB and a 24-hour trading volume worth $85,928,300.

Rwd, a Twitter user said:

“Changelly and instant hahaha very funny..”

Mindless-Drone-SlayR, a market follower tweeted:

“Interesting, I thought BNB was exclusive to Binance.”

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