What is Binance Coin (BNB) and How Can You Invest in It?
Binance Coin (BNB) is a cryptocurrency that was created by the Binance exchange in 2017. It was created as a utility token to be used on the Binance exchange, but it has since grown in popularity and is now used by many people for a variety of purposes. Binance Coin is currently one of the top 10 cryptocurrencies by market capitalization, and it has a market cap of over $50 billion as of March 2023. What is Binance Coin (BNB)? Binance Coin is an ERC-20 token that runs on the Ethereum blockchain. It was created by Binance as a utility token to be used on their exchange. Initially, Binance Coin was used to pay for trading fees on the Binance exchange, but it has since been expanded to be used for a variety of purposes, including: Trading fees: Binance Coin can be used to pay for trading fees on the Binance exchange. If you use Binance Coin to pay for your trading fees, you will receive a discount. Token sales: Binance occasionally launches new tokens on their exchange, and they of