Binance Coin (BNB) is the cryptocurrency offspring from one of the world’s largest virtual currency exchanges, Binance. The token was launched in July 2017 as an ERC20 token based on the Ethereum blockchain, in its initial coin offering (ICO) it raised over $15 million for Binance. Binance as a cryptocurrency exchange was launched in early 2017, it was the world’s largest cryptocurrency exchange desk (by trading volume) by April 2018 the following year. Binance Coin is primarily used to pay for services and fees when trading other cryptocurrencies or digital assets on Binance itself. Using BNB often grants the trader…

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