Bittilo has revealed users of its exchange will be able to buy and sell Binance Coin (BNB) now listed on the platform as of Thursday, August 5.
BNB is one of the world’s top cryptocurrencies by market cap and has regularly set records. Currently, the digital asset is the fourth largest globally, with a market cap of $49,572,395,378.
Binance Coin is Binance’s ecosystem token; the firm moved BNB currency to its own Binance Chain in April 2019 after being released as an ERC20 token during an ICO in June 2017.
The supply of BNB coins is gradually reducing since it gets burnt on a quarterly basis. Binance recently completed the 16th quarterly BNB token burn which was 1,296,728 BNB (equal to $393,673,653.52).
Binance Chain is a blockchain software system that users may use to send and receive BNB, issue new tokens, burn, mint, freeze, and unfreeze tokens, and propose trading pairings of two distinct currencies. In addition, the chain also powers Binance Smart Chain, a blockchain that runs parallel with Binance Chain and has smart contract capabilities.
In general, investing in BNB has previously been exclusive to only a few other crypto exchanges that accept BNB’s home exchange Binance. However, BNB is becoming a highly sought-after token that has surged in popularity, particularly since January 2021.