Binance Coin (BNB)

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The Binance Coin (BNB) is a token that was released by one of the world’s largest exchanges, Binance, in August 2017. There are a total of 200 million tokens, with Binance conducting a burn every quarter based on trading volumes on its platform. Officials have stated that they plan to eventually burn 50% of all BNB tokens, reducing the total number of tokens to 100 million. Binance, which already has the Binance Chain and DEX (decentralized exchange), has said that the BNB token will play a significant role in the future of Binance ecosystem.

As is the case with exchange tokens, BNB ties in strongly with the exchange’s services and features, like the ICO launchpad and Binance DEX. BNB is a base pair for many popular tokens, and offers users discounts on fees related to the platform. It has gained a lot of attention in 2019 for its performance with Binance steadily launching new services that permit the use of the BNB token. 

The discounts with BNB token are significant, though it will be halved with every passing year. The first year, 2018, sees a discount of 50% in fees, with the next 25% and so on until the fifth year, 2022, where discounts will stop. Currently in the second year, 2019, with a 25% discount, Binance have announced that they will retain the 25% discount for the third year. Having recently launched a margin trading facility on the platform, the BNB token also features heavily here, as it offers fees that are at half of the rate of any other trading pair. 

The strong performance and business strategy of the token has seen it receive praise from multiple insiders in the cryptocommunity, and it continues to perform well.

In this tag, read Binance Coin (BNB) news, price predictions, opinions and analyses created by users.


Are Regulations Finally Going to Drop BNB from the Top-10??

2 Feb 2024 5 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Binance Hackers Strike It Rich After Massive Leak Exposes Crypto Fortune trove

1 Feb 2024 2 minute read 0 comments Just Brandon

The recent disclosure of a serious security vulnerability at top cryptocurrency exchange Binance has shocked the Asian crypto community. A cache of highly sensitive internal material, including passwords, code, architecture schematics, and multi-fac...

Two problems for Binance: hack and lawsuit by Hamas victims

1 Feb 2024 1 minute read 2 comments Jurgan

In recent days, the Binance exchange has faced two problems at once. First of all, you need to pay attention to the hacking of the exchange. It was carried out on January 31. All information received was leaked online. In particular, passwords, infr...

Binance: King Of Crypto Or Villain Of Terrorism?

1 Feb 2024 2 minute read 6 comments CryptoEntrepreneurs

Binance, the world's largest cryptocurrency exchange, is facing a new lawsuit from three families of victims of the Hamas attack on Israel in October 2023. The plaintiffs accuse Binance, its former CEO Changpeng Zhao and the governments of Iran and S...

🤖 ATENEA TACTICAL: From $0.35 to $15 in minutes with this Trading Robot.

31 Jan 2024 5 minute read 1 comment Inversiones Capitales

Greetings to all those passionate about investment strategies and financial management, we welcome you with enthusiasm! 📈💡 Today I bring you all the information about one of my favorite bots. This is ¨Atenea Tactical¨, a high-frequency bot that wil...

Binance and banks together for the management of traders' funds

30 Jan 2024 1 minute read 0 comments Negativeland

  Binance has introduced the possibility for some traders to hold their assets on independent banks, and no longer on the CEX     Binance's moves Perhaps to respond to a discomfort still present among Binance users following the conviction in the US...

DeFi 102: Manage Risk and Don't Get Rekt!

29 Jan 2024 6 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Binance: Still the King of Crypto Exchanges?

28 Jan 2024 1 minute read 2 comments Cryptofab

Among the crypto exchanges, Binance has long held the position of top dog, always trying to innovate, like recently with their Options RFQ, that allows to capitalize on market movements even in downtrends, without the high-risk nature of futures trad...

Are NFTs More Than Just Lottery Tickets?

26 Jan 2024 1 minute read 5 comments Cryptofab

The recent news about CR7 NFT holders winning a dinner with the Binance team and getting to train with Cristiano Ronaldo himself has got me thinking about the true utility of NFTs. While these are undoubtedly exciting perks, I believe that NFTs shoul...

Are Women Taking Over the Crypto World?

25 Jan 2024 1 minute read 4 comments Cryptofab

I recently read an article from Binance talking about the Woman in Technology Association (Wtech) and started to wonder about the proportion of women investing in crypto. I think women are starting to become more involved in the cryptocurrency space,...