Binance's new token, BNB, has surged 10% in the past 24 hours, driven by strong demand from institutional investors. This comes as the cryptocurrency exchange prepares to launch its highly anticipated decentralized exchange, Binance DEX. As institutional investors continue to enter the market, we expect to see more volatility and growth in the crypto space.

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Institutional backing for BNB and anticipation of Binance DEX launch are key drivers here. Excited to see how this impacts broader market dynamics.

Exciting times ahead for Binance and the broader crypto market with BNB's surge and the launch of Binance DEX. Institutional interest is indeed driving growth and volatility.