Binance coin is a cryptocurrency with a wide range of use cases. The native token of the Binance Chain blockchain, it can be used to pay fees on the Binance exchange, and will also be used to power the upcoming decentralized exchange.
In addition, Binance has plans to use the coin to build a new decentralized marketplace.
The Binance coin has already seen significant adoption and growth since its launch. It is currently the sixth largest cryptocurrency by market capitalization, with a total value of over $2 billion.
The coin has also been one of the best performing cryptocurrencies in 2020, gaining over 200% in value since the beginning of the year.
With its wide range of use cases and strong performance, Binance coin is well positioned to continue its growth in the coming years.