To encourage continued rise in exchange tokens, ProBit Global’s Exclusive program will offer Binance Coin (BNB) at half the market price The growing popularity of exchange tokens has led ProBit Global to choose Binance Coin (BNB) as the next to debut in its ProBit Exclusive program. The event offers users the opportunity to block subscriptions to purchase the cryptocurrency that powers the Binance ecosystem at 50% off, starting October 18. Centralized cryptocurrency exchange tokens are becoming popular every day and above all of them is Binance Coin. Considered one of the best utility tokens in the world, with an estimated market capitalization of US$39 billion, it currently ranks third in the cryptocurrency ranking.
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The growing importance of exchange tokens
Generally, tokens from exchanges such as ProBit Global’s BNB and PROB help spur activity on their respective platforms. These activities retain users and attract new ones to take advantage of the additional benefits offered to the parties involved. Offers include discounts on trading fees, increased referral commissions and participation in specific events such as the BNB Exclusive event via PROB subscription. Exchange-based tokens make up one of the largest sectors in the market today. When analyzing around 38 different sectors within the cryptocurrency market, exchange tokens are at the top with an industry dominance of 7.20% and a market capitalization of $67.93 billion to date. The estimate also shows that 10 exchange-based tokens, including BNB, make the top 100 list by market cap.
BNB leads the pack
Binance continues to introduce features to increase the usefulness of its native asset, BNB, and stablecoin BinanceUSD (BUSD). BNB is used to pay for goods and services and settle transaction fees on the BNB Chain, while new BUSD features are increasing liquidity and capital efficiency on the platform. This is the case with the introduction of automatic conversion of user deposits from USD Coin, Pax Dollar (USDP) and TrueUSD (TUSD) to BUSD. And despite the recent hack on their platform – which resulted in 2 million BNB tokens being stolen and the value of BNB falling more than 3% to $285.36 per coin – crypto experts see this as a opportunity to buy low, the well-known buy the dip. The scheduled quarterly flaring of BNB, aimed at reducing its total supply permanently to 100 million BNB – currently at 165 million – is further expected to continue increasing its value.
BNB with 50% discount
To encourage continued growth in exchange tokens, ProBit Global’s Exclusive program will offer BNB at half the market price. The event takes place from October 18th to 24th and, to participate, it is necessary to register with the ProBit Global platform and stake a PROB (ProBit Global token, which offers its holders multiple benefits). Check here for details on how to participate in the ProBit Global BNB Exclusive. Buy crypto by paying with credit card and PIX.
About ProBit Global
ProBit Global is one of the top 30 exchanges on the world list of cryptocurrency platforms, providing unlimited access to cryptocurrency enthusiasts to trade and buy Bitcoin, Ethereum and 800+ altcoins across 1,000+ markets. For more information visit: Instagram: https://www.instagram.com/probitglobalportugues/
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Warning: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article Read also: Receive $4,500 cashback at SimpleFX until October 2022 Read also: BC.GAME launches its new website with new features Read also: The most important update of the DeFi world is coming later in the year
