Binance Coin (BNB) is one of the newest cryptocurrencies on the block. It comes from one of the world’s largest virtual currency exchanges of the same name, Binance. The token launched in July 2017 as an ERC20 token based on the Ethereum blockchain, raising over $15 million in an initial coin offering (ICO). Binance launched in early 2017, becoming the world’s largest cryptocurrency exchange desk (by trading volume) by April 2018. Binance Coin is primarily a “utility token” in that it’s used to pay for services and fees when trading other cryptocurrencies or digital assets on the Binance exchange itself. Using BNB…
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