Binance Coin (BNB) Struggles to Set Fresh All-Time-Highs Despite Decentralized Exchange Launch

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The world’s most popular cryptocurrency exchange, Binance, has been on a hot streak in 2019, delivering a deluge of positive news to the crypto community and Binance Coin (BNB) investors who have incurred massive gains in the past several months.Today, the exchange announced the official launch of both their highly anticipated decentralized exchange – aptly named Binance DEX – in addition to their Singapore exchange that offers users an easy-to-use fiat onramp.Binance Continues Pushing Ahead with Flurry of Positive DevelopmentsEarlier this month, the crypto industry was abuzz with news regarding the launch of the Binance Chain mainnet, which is widely viewed as a competitor to Ethereum in that many cryptocurrencies can be built on top of it. Shortly after its launch, Binance migrated their BNB token supply away from the Ethereum blockchain and onto Binance Chain.This news, which led Binance Coin’s price to skyrocket, is one part of a multi-faceted…

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