Binance Coin (BNB) was launched as an ERC-20 token during the ICO mania in 2017, 11 days before Binance cryptocurrency exchange went online. In April 2019, all BNB tokens were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet. Over the years, the coin burn seen in BNB has led to the appreciation in price of BNB tokens leading to an improvement in the market capitalization of the token. The token ranks amongst the top cryptocurrencies according to its market capitalization. Lastly, this token has various use cases ranging from making payments to being used as a utility token for other purposes.

Binance coin has shown massive growth in recent times and holding it in your portfolio could be of great benefit. It is traded in multiple pairs across 100+ cryptocurrency exchange thus making the token easily available to trade and exchange on several platforms. Not only that, Binance Coin can be used for various purposes ranging from getting better transaction fee rates to  making payments for travel, entertainment, finance and more.