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Being one of the biggest and most well-known cryptocurrency exchanges, Binance has a big impact on the market. It was established in 2017 and offers a platform for trading, listing, fundraising, and the withdrawal of different digital assets. It supports a large variety of cryptocurrencies. Binance is a major participant in the blockchain sector thanks to its ecosystem, which includes the Binance Exchange, Binance Labs, Binance Research, and other financial product offerings 1–3. Furthermore, its own cryptocurrency, Binance Coin (BNB), offers a number of uses, such as lower trading fees and transaction fees, bookings for travel, and entertainment.
