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.


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1 week ago 6 minute read CryptoBoomer $12.39 tipped

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1 week ago 1 minute read Danoskie $0.25 tipped

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Binance announced adding Czech Koruny (CZK), Bulgarian Leva (BGN) and Romanian Lei (RON) Fiat Gateways

1 week ago 1 minute read DimitarM $0.10 tipped

I was just checking some stuff in my Binance account and saw this news. For those who don't know (or care) I'm Bulgarian.  They are adding my local currency to their Exchange so we can be able to buy BTC, ETH, BNB and XRP with our VISA cards. And I h...

Ethereum Delays ‘Difficulty Bomb’ with Network’s new Update

1 week ago 1 minute read BitcoinNews.Today $0.43 tipped

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Binance Europe Head left the crypto exchange.

1 week ago 1 minute read alberdioni8406 $0.08 tipped

The Crypto Exchange Binance's head for Europe zone left the Exchange to embrace a new Project. It seems She's joining the crypto.com Team as,this, Cryptocurrency Exchange has an plan to mass adopt crypto in Europe. At the time no news has been releas...

Bithumb will invest over $8M for blockchain development in Busan’s “Regulation-Free zone”

2 weeks ago 1 minute read Tokenhell.com $0.26 tipped

Bithumb crypto-exchange will invest more than $8 million for blockchain development in the regulation-free zone of Busan city. This news is released on Thursday by the Ministry of SMEs and Startups of South Korea. According to the announcement, the l...

Binance opens to sterling deposits

2 weeks ago 1 minute read Roberto D. $0.12 tipped

That Binance intends to encourage the adoption of bitcoins by simplifying the exchanges from fiat to crypto, and vice versa, we have already known this for several months, what we did not expect was that the exchange would come to offer sterling and...

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2 weeks ago 1 minute read Danoskie $0.09 tipped

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OGN tokens hit Binance for trading! 100% price change over first day

2 weeks ago 1 minute read TheCryptokeeper $0.31 tipped

Origin tokens (OGN) have gone live for trading on Binance, this means over the next couple of days you can score some decent profit shorting the market, regardless of how useful they may or may not be.....but how useful are they in the long run? The...

Binance broadens the scope of its Ecosystem

2 weeks ago 2 minute read fklivestolearn $0.08 tipped

The Crypto business giant is adding three new products to its existing line of services   Just when you think what else can Binance possibly add to its impressive line of services, it surprises you by offering another innovative solution to its...