BNB Climbs as Binance Dominates Q2 Volumes Alongside Broader Crypto Rally

BNB rose nearly 2% over the past 24-hour period to near the $700 mark, lifted by growing buyer appetite amid a wider cryptocurrency market rally. Across the broader crypto market, Binance maintained its grip as the top exchange in the second quarter, handling more than 35% of global trading volume, according to TokenInsights’ latest report . BNB is used on Binance for trading fee discounts and to participate in various activities. Spot trading volumes fell to $3.6 trillion, down from $4.6 trillion in the first quarter, the report notes. BNB has oscillated in a $23 range between $675 and nearly $700, with technical resistance hovering around $690 to $695, according to CoinDesk Research’s technical analysis model. The token’s volatility comes as it celebrates its eighth anniversary and after a $1 billion token burn. BNB is also seeing adoption in corporate treasuries and has joined efforts like the Ondo Global Markets Alliance , aiming to bring tokenized securities such as U.S. stocks and ETFs to BNB Chain.

Source: CoinDesk