BNB is the first exchange token offered at 50% off



The growing popularity of exchange tokens led ProBit Global to choose BNB (BNB) as the next – and first exchange-based token – for its Exclusive event. The event’s base 50% markdown offers users the opportunity to lock in subscriptions to purchase the cryptocurrency that powers the Binance ecosystem for half of its market price starting October 18, 2022.

The Growing Importance of Exchange Tokens

Generally, trade tokens like BNB and PROB from ProBit Global help drive business on their respective platforms. These activities retain users and attract new ones for additional benefits offered to the parties involved. The offers include discounts on trading fees, increased referral commissions and participation in specific events, such as the BNB exclusive event via PROB subscription.

Exchange tokens are one of the largest market sectors. Based on approximately 38 different definable sectors in the cryptocurrency market, swap tokens come out on top with an industry dominance of 7.20% and a market capitalization of $67.93 billion at the time of writing. The estimate also shows that 10 exchange-based tokens, including BNB, made the list of the top 100 crypto assets by market capitalization.

BNB in ​​the lead

According to cryptocurrency data platform CryptoCompare, Binance was the largest top-tier spot crypto exchange by volume in August, with $438 billion in trading volume. His exam says Binance remains the leading exchange with 55.1% market share, as well as the largest centralized exchange by trading volume.

The exchange continues to introduce features to increase the utility of its native asset, BNB, and the stablecoin BinanceUSD (BUSD). BNB is used to pay for goods and services and settle transaction fees on BNB Chain. Meanwhile, the introduction of automatic conversion of users’ USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD) deposits into BUSD has helped improve liquidity and capital efficiency on its platform.

The recent hack of an inter-chain bridge linking with BNB Chain saw 2 million BNB tokens stolen and the value of BNB dropped by more than 3% to $285.36 a coin, according to data from CoinMarketCap. Nevertheless, the planned quarterly burning of BNB, aimed at permanently reducing its total supply to 100 million BNB – currently at 165 million – should continue to increase its value.

ABOUT ProBit Global

ProBit Global is one of the world’s top 20 crypto exchanges serving enthusiasts with unlimited access to trade and buy Bitcoin (BTC), Ether (ETH) and over 800 altcoins on over 1,000 markets.

ProBit Global is a brand trusted by millions of users

  • Over 200,000 community members.
  • More than one million active users per month.
  • 3 million monthly web visitors.
  • 50 million users on partner aggregators and wallets, such as CoinMarketCap.
  • The multilingual website user interface supports 46 different languages.
  • Marketing and community support in 12 key languages.

Join our active programs and get huge benefits!

  1. Buy cryptos easily with a credit card and bank transfers.
  2. ProBit Exclusive: Subscribe for 50% off the top 200 tokens.
  3. Discount on trading fees: Buy PROBpay trading fees with PROB and get up to 0.03% on trading fees.
  4. Sponsorship Program: Earn 10% to 30% of trading fees by referring friends to ProBit.
  5. Learn and earn: free crypto by watching videos and taking quizzes.

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