Binance (BNB) is a popular exchange that offers access to many cryptocurrency markets in one place. Binance has both a basic and an advanced trading platform. It offers secure storage of funds and supports multiple cryptocurrencies, which makes it an ideal cryptocurrency exchange for those looking to trade altcoins.
Binance is a multi-language cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. They also provide top-tier security and speed for its users. Binance was founded by Changpeng Zhao who is also known as CZ, who previously worked at Bloomberg and Goldman Sachs. Binance launched their first ICO in 2017, raising 15 million dollars during the ICO period. In March of 2018, they had more than 50 million registered users worldwide (in just 9 months) and over 200,000 traders on the exchange every day. This number has grown exponentially since then with over 1000 employees working to keep up with demand!
- BNB coin
BNB coin is the main currency of Binance, one of the most well-known cryptocurrency exchanges in the world. The exchange has an ICO in 2017 that raised $15 million within 30 seconds. BNB coin is accepted as the primary method to pay trading fees on the platform and also gives users a 50% discount. A 20% of BNB coins will be burned every quarter until 100 million coins are reached.
The birth of BNB coin dates back to the founding, the founder of Binance, Mr. Changpeng Zhao (“CZ”) saw that Bitcoin could only be traded on micro exchanges at that time. So he and a team of his partners began to build their own exchange platform, Binance. To encourage people to use the platform and attract investors, they were planning to issue their own tokens which will be used on the trading platform as well. Hence, BNB token was created which helps traders save on trading fees by giving discounts when they pay with it.
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