Is there a future for Binance Coin (BNB)?

Best known for low transaction fees (0.1%) and fast transaction processing, Binance is now the world’s largest crypto exchange by daily trading volume, winning the trust of over 90 million registered users.
As the combination of “Bitcoin” and “finance”, Binance offers safety and security and bears high processing throughput with the multi-tier and multi-clustered architecture.The technology of the Binance exchange is capable of processing 1.4 million transactions per second, making it the most promising exchange in the future regarding trading volume.Similar to other crypto exchanges, Binance offers some fundamental features such as security and sustainability, multi-device support, efficiency, etc. as well as services involving the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies.Binance provides crypto-to-crypto trading in more than 600 coins and tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).Binance Coin (Symbol: BNB) is the native asset on Binance, a blockchain software system developed by Binance and its community.
Launched by Changpeng Zhao (CZ) in an Initial Coin Offering (ICO) in 2017, BNB, initially issued as an ERC-20 running on the Ethereum blockchain, soon advanced up the market cap rankings with the exchange gaining tremendous popularity in the crypto industry.In 2019, with the launch of the Binance Chain mainnet, the ERC-20 BNB tokens were transferred to Binance Chain. Since then, the ERC-20 can be swapped with BEP-2 BNB on a 1:1 ratio on Binance Chain.As a key part of running the Binance exchange, BNB fuels the entire Binance Ecosystem with multiple forms of utility:Binance is not just operating the world’s leading cryptocurrency exchange; it spans an entire ecosystem. The Binance ecosystem provides users with various helpful platforms and services, including:
1) Binance Futures: The leading cryptocurrency derivatives trading platform.2) Binance JEX: A crypto-asset trading platform offering spot and derivatives trading services. JEX was acquired by Binance in 2019 and then renamed to Binance JEX. 3) Binance Margin Trading: A method of trading crypto assets via borrowing funds on Binance.4) Binance DEX: A decentralized exchange created by Binance and powered by BNB token.5) Binance Lending: A cryptocurrency loan form of Binance with extra profits for long-term coin holders.6) Binance Launchpad: Binance’s exclusive token launch platform for transformative blockchain projects, offering release and promotion support.7) Binance P2P: A peer-to-peer cryptocurrency trading platform, serving as a medium for direct user-to-user or merchant-to-user transactions.8) Binance Cloud: A one-stop solution for partners to launch their crypto exchanges quickly.9) Binance Options: Trading American-style options to improve users’ trading experience and lower the entry barrier for retail investors.10) Trust Wallet: Binance’s official decentralized mobile crypto wallet with Binance DEX support.11) Binance Savings: Lend and Earn service on the Binance Earn platform with Flexible Savings or Locked Savings.12) Binance Stakings: A crypto earn service allowing user to earn rewards just by holding their coins on the exchange.13) Binance Pool: A comprehensive service platform dedicated to improving the income of miners.14) Binance Academy: The leading blockchain and crypto education platform, featuring all content on blockchain, cryptocurrency, security, technology, and many more.15) Binance NFT Marketplace: A leading marketplace with all forms of digital artworks and collectibles at low cost.16) Binance Labs: The venture capital arm of Binance, aiming to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs, startups and communities.17) Binance Charity: The world's first blockchain-powered donation platform.Binance commits to ensuring good security, user-friendliness, and high performance. Following are prominent features of Binance:
Binance exchange was launched in July 2017 by Changpeng Zhao who previously took part in the development of Blockchain.info and also served as the CTO of OKCoin, one of the world's largest and fastest-growing cryptocurrency exchanges.
Binance was originally based in China but later moved out of China due to the increasingly strict regulations on cryptocurrencies in this country.Initially, a total of 14 investors invested in Binance, including investment funds of AU21 Capital, Dragon Gateway, and individual investors such as Chris McCann, Edith Yeung, Phil Chen, etc.Since January 2018, Binance has become the world’s largest cryptocurrency exchange by trading volume with an average daily trading volume of $18 billion and more than 90 million users.
With Binance as the solid base for its growth, BNB, which has made a significant leap to sit at the world’s fifth-largest cryptocurrency by market cap, is deemed a relatively safe coin to invest in the long term. Explore all the trending topics and hottest news in the crypto market with our Blogchain.Meanwhile, practice trading, play virtual money and earn real tokens with CryptoSim - Virtual Trading Game.