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Gemini Lists Binance Coin (BNB) Amid Altcoin Market Challenges

Gemini Lists Binance Coin (BNB)

  • Binance Coin (BNB) is now available on the US crypto exchange Gemini, allowing users to trade and store BNB on a regulated American platform.
  • Gemini supports trading and custody of BNB, marking a significant step as the exchange carefully selects new assets for listing, especially in the US market.

About Binance Coin (BNB)

  • BNB was launched in 2017 by Binance and has evolved from providing reduced trading fees on Binance to supporting various applications on the BNB Chain.
  • The addition of BNB to Gemini enables US users to access the token without using overseas platforms.

Market Context

  • Amidst a challenging period for altcoins, with many experiencing price declines, BNB has performed relatively well.
  • BNB is currently trading at $841.63 after reaching an all-time high earlier this month.

Industry Implications

  • The listing of BNB on Gemini suggests continued confidence in the token's compliance with exchange standards.
  • Despite skepticism about the longevity of some altcoins, BNB's presence on major US platforms highlights its resilience.

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