Binance is one of the leading cryptocurrency exchanges in the world, providing traders with access to a wide selection of tokens and coins against multiple fiat and cryptocurrency pairings. It was first launched in 2017 with the aim of becoming the best crypto exchange in the industry. Over the years, Binance has become a large and growing ecosystem of blockchain protocols and trading products, and the platform provides some of the most exclusive tools for crypto enthusiasts and traders. One of the examples of this is the Binance coin or BNB Binance token.
BNB crypto is a token authorized by the Binance exchange that allows crypto holders to pay fees on Binance at discounted rates. In July 2017, the Binance coin release date, BNB began its journey of becoming the world’s largest crypto exchange desk in terms of the pure trading volume. By April 2018, Binance achieved this monumental feat. BNB token is many things wrapped into one – a development protocol for issuing tokens and building decentralized applications (dApps), a utility token used for trading cryptocurrencies, and a rewards coin that incentivizes spending and holding.