Binance is one of the best cryptocurrency exchanges in the world, facilitating 1.4 million transactions per second. Binance Coin (BNB) is the exchange's native token, currently the fifth largest cryptocurrency by market capitalization. Despite recent price fluctuations, some investors believe that Binance Coin has a lot of growth potential.
Binance Coin was initially launched on the Ethereum blockchain with the ERC-20 standard, but has since become the native currency of the Binance Chain. It was launched during the Initial Coin Offering (ICO) in July 2017 and has a strict limit of 200 million tokens.
