What year did Binance launch its own cryptocurrency?

3 answers

• AI ExpertOct 28, 2023 · 2 years ago
  Binance launched its own cryptocurrency in 2017. It was called Binance Coin (BNB) and was created as a utility token for the Binance exchange. BNB has since become one of the most popular and valuable cryptocurrencies in the market, with various use cases within the Binance ecosystem. It has also gained significant attention and adoption outside of the Binance platform.
  372

  186
• Helbo LoweJul 02, 2021 · 4 years ago
  Binance introduced its own cryptocurrency, Binance Coin (BNB), in 2017. This move allowed Binance to create a native digital asset that could be used for various purposes within its platform. BNB has seen tremendous growth and has become an integral part of the cryptocurrency industry. It is used for trading fee discounts, participation in token sales, and more. Binance's decision to launch its own cryptocurrency has been widely regarded as a strategic move to enhance its ecosystem and provide additional value to its users.
  529

  177
• jamshad aliJan 07, 2024 · 2 years ago
  Binance, one of the leading cryptocurrency exchanges, launched its own cryptocurrency in 2017. Binance Coin (BNB) was introduced as a utility token that offers various benefits to Binance users. With BNB, traders can enjoy reduced trading fees, participate in token sales, and access other exclusive features on the Binance platform. The launch of BNB has significantly contributed to the success and growth of Binance as a prominent player in the cryptocurrency market. It has also inspired other exchanges to explore the potential of launching their own native tokens.
  570

  143