Binance Coin News

Designed by the esteemed team of the world’s leading cryptocurrency exchange, Binance, the Binance Coin (BNB) is a potential utility virtual token created to give lucrative benefits to the global exchange community. While giving stiff competition to all the cryptocurrencies available in the market, including Bitcoin, the Binance Coin has managed to earn its space in the dynamic sector. The cryptocurrency exchange is the biggest bitcoin exchange and altcoin crypto exchange in the world in terms of volume and the Binance Coin plays a significant role in its worldwide popularity.

Launched in 2017, the token plays an important role in providing discounted trading fee benefits to the users. The Binance Coin news affirms that the cryptocurrency was initially launched as an ERC20 token, but now it serves as the native currency of the Binance Chain blockchain. The total supply of BNB is limited to 200 Million, after which the network will create no coins. As per the Binance Coin latest news, the currency is widely used by an array of business entities as a potential form of payment settlement. The reports related to the Binance Coin news today suggest that the BNB witnessed an all-time high on June 22, 2019, when its price rolled at a price of USD 39.57. The all-time Binance Coin price low was recorded on August 1, 2017, when the BNB price touched the mark of USD 0.096109. The Binance Coin is available on 55 global cryptocurrency trading exchanges.