BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, originally launched as an ERC-20 token on Ethereum in 2017 before transitioning to Binance's own blockchain, Binance Chain, in 2019.
Initially, BNB was used to pay for trading fees on the Binance platform at a discounted rate. Over time, its utility has expanded, and BNB is now used for a variety of purposes.
In 2011, Bitcoin's price hit $1 for the first time, driven by growing interest from early adopters and the media. At that point, Bitcoin was still relatively unknown, and this milestone marked the beginning of its journey into the mainstream.
Binance Futures Trading: Are you a Beginner or a advanced trader?
1. Knowledge and Understanding: Beginner: Limited understanding of market fundamentals and technical analysis. Likely to rely on basic strategies or follow the advice of others. May not fully grasp key futures concepts like margin, leverage, or contract expiration. Advanced: In-depth knowledge of market fundamentals (e.g., supply/demand dynamics, economic indicators) and technical analysis (e.g., chart patt
Futures are a huge risk not only for traders but also for exchanges.
For Binance, this is unprofitable in the long run. Why? Because most people lose money in futures, and when people repeatedly drain their deposits, they simply leave.
Instead of stable and long-term profits, the exchange experiences a user outflow.
It is much wiser to focus on spot trading and other products that provide real benefits to customers and keep them on the platform.
Cryptocurrency trading has become one of the most popular ways to invest and generate returns in recent years. However, with volatility, risk, and the complexity of digital assets, many newcomers feel overwhelmed. If you're looking to understand crypto trading, here's a breakdown of the essential concepts, strategies, and risks to help you get started.
What is Crypto Trading?
Crypto trading involves buying, selling, and exchanging digital currencies (cryptocurrencies) on various platforms known as exchanges. These currencies, like Bitcoin, Ethereum, and thousands of others, exist solely in digital form and use blockchain technology for secure, decentralized transactions.