$BNB Binance Coin (BNB) is one of the most popular and powerful cryptocurrencies in digital markets, ranking third globally and a top competitor to both Bitcoin and Ethereum. Binance Coin (BNB) is a top destination for traders and investors, as it owns the largest trading platform (Binance), which supports all digital projects and fiat currencies. It also has its own NFT marketplace, and its own blockchain, known as Binance Smart Chain, is designed to run smart contract-based applications. Given the importance of the topic, we present to you, dear reader, the most important facts about Binance Coin in this article.
1. Currency launch
Binance's rise to prominence in digital markets dates back to 2015, when Binance CEO Changpeng Zhao founded the project in China. Just two years after the project's launch, Binance's servers and headquarters were moved to Japan in September 2017 due to company bans and government restrictions imposed by China at the time on cryptocurrency projects.
2. Record numbers!
When it comes to the profits and growth of cryptocurrency projects in digital markets, Binance Coin is undoubtedly at the top of the list. The value of the coin's investment growth has exceeded 900% since its launch. For example, if you spend $10,000 to buy Binance Coins, your return on investment will be worth $100,000! This growth greatly attracts investors and traders, in addition to the possibility of trading the coin and its ease of use without complications.
3. More than double!
The success of Binance Coin (BNB) has not stopped at cryptocurrencies, but has also extended to trading platforms. Binance Coin's platform has outperformed the global ZG platform project. The daily trading volume on ZG is estimated at approximately $6.205 billion, while Binance's daily trading volume is approximately $14.250 billion! This is more than double the trading volume on ZG.
4. Third place!
Despite its short launch, Binance Coin (BNB) has surpassed $100 billion in market cap and has successfully risen to become one of the top three cryptocurrencies globally. According to CoinMarketCap, BNB currently ranks third behind Bitcoin and Ethereum, outperforming established cryptocurrency projects such as Cardano, Ripple (XRP), and Polkadot.
5. Malta and Hong Kong!
We previously mentioned that Binance's headquarters had relocated to Japan due to Chinese government restrictions, but the story didn't end there. The same thing happened in Japan, and a year later, the Japanese government imposed strict restrictions and regulations on digital projects to limit and control them. This prompted Binance founder Changpeng Zhao to open offices for the company in Hong Kong and Malta and sign bilateral agreements with the governments of Bermuda and Malta to support projects and develop trading platforms.
6. Supporting digital projects
Binance has supported numerous digital projects and has played a significant role in the popularity and success of cryptocurrencies. For example, Binance provided $32 billion in support for the Terra coin project upon its launch. Due to Binance's immense popularity, thousands of traders requested Terra, and demand for it exceeded the circulating supply, leading to a surge in Terra's market value in a very short period of time.
7. Unprecedented features
Binance Coin has surpassed the boundaries of success and innovation with its exclusive and unprecedented features in digital markets. Developers have updated the coin's network system and provided additional methods for users to exchange financial assets through Binance Uganda, Binance Jersey, and Binance Singapore. These features have contributed to the expansion of the coin's fan base, provided trading enthusiasts with more investment options, and facilitated faster financial procedures and transactions for corporate accounts outside the platform.
8. Binance Labs
One of the secrets that many users are unaware of is that Binance has its own laboratories called Binance Labs, through which it continuously monitors and improves the investment environment within the blockchain system, according to high-level updates and additions compatible with the ecosystem and the BUIDL model.
9. Binance Academy
Binance has its own educational academy, the Binance Academy, which facilitates people's knowledge of the blockchain system and increases the number of traders on the network. The academy offers diverse, multilingual lessons on blockchain, trading on the Binance platform, and digital markets.
10. Binance Charity
If you think Binance Coin is just a cryptocurrency to be traded and invested in, you're wrong. Binance has its own digital charity, Binance Charity, operating within the blockchain ecosystem. This charity has undertaken numerous charitable works around the world, donating and helping new users overcome trading challenges and gain a better understanding of digital investment, as well as funding and assisting emerging digital projects to achieve sustainable growth. This makes it more than just a cryptocurrency.
