Binance CoinBinance Coin (BNB)

Binance Coin (BNB) is a utility token created by the cryptocurrency exchange Binance. Binance Coin is used both as a speculative asset but also allows for lower trading fees should you be using the Binance Exchange. Launched via an ICO in 2017 the cryptocurrency has become one of the largest as Binance became one of the largest cryptocurrency exchanges. BNB is a deflationary cryptocurrency with Binance “burning” reducing it’s supply. In 2019 Binance launched Binance Smart Chain which provides another element to the Binance ecosystem which increased the usage of Binance Coin.

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