Binance Coin (BNB)

Market Cap: $99.23 billion.

Price: $689.1.

This cryptocurrency was launched in 2017 and has evolved from a simple token to running its own ecosystem. Initially, "BNB" was used to provide special benefits to users of the Binance cryptocurrency exchange, such as lower fees and exclusive access to initial coin offerings and cashback.

Today, it forms the backbone of the "BNB Chain" which is characterized by high speed and low cost to compete strongly with Ethereum after proving itself as a strong option in the market.

Pros

Low costs and high productivity mean it is able to meet demand much more than many competitors.

Owning this currency provides you with benefits on the popular Binance trading platform with reduced fees and high speed.

Cons

Binance Coin is a highly centralized token, controlled and managed by Binance, which reduces the freedom available to its traders.

The success of this currency is linked to the "Binance" platform, which has been targeted by regulatory bodies in many countries such as the UK, Japan, and Germany, according to the "Zip Pay" platform.