Binance, the world’s largest cryptocurrency exchange by trading volume, has its own cryptocurrency – Binance Coin (BNB). In this article, we will take a look at the history of Binance and how BNB came to be.
Binance was founded in 2017 by Changpeng Zhao, who is also the current CEO. The company is based in Shanghai but has offices in Hong Kong, Japan, Singapore, and the United States.
Binance is a relatively new company, but it has quickly become one of the most popular cryptocurrency exchanges.
In July 2017, Binance launched its ICO (Initial Coin Offering) and raised $15 million. The ICO was for the BNB token, which is based on the Ethereum blockchain.
NOTE: WARNING: Binance Coin is a cryptocurrency that has been around since 2017. As with all cryptocurrencies, there are risks involved with investing in Binance Coin. Before investing in Binance Coin, you should research the project and understand the inherent risks associated with investing in cryptocurrency. Additionally, you should consult with a financial advisor before investing in any cryptocurrency.
The BNB token was originally meant to be used as a utility token on the Binance platform. For example, users could use BNB to pay for trading fees on the exchange.
The ICO was a success and the BNB token quickly rose in value. In January 2018, the BNB token was listed on exchanges and became tradable.
Since then, the price of BNB has been on a steady rise.
As of May 2019, the price of BNB is around $23 and the market capitalization of Binance Coin is over $3 billion. Not bad for a company that is less than two years old!
So when did Binance Coin start? The answer is July 2017 when the ICO for the BNB token was launched. Since then, the token has been steadily rising in value as more and more people use it on the Binance platform.
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Binance, the world’s largest cryptocurrency exchange by trading volume, was founded in 2017 by Chinese entrepreneur Changpeng Zhao. Binance started out as a ICO (initial coin offering) project, raising 15 million dollars in just a few months. The ICO was a success and Binance quickly grew into one of the most popular cryptocurrency exchanges in the world.
Binance is one of the most popular cryptocurrency exchanges out there. It’s been around since 2017 and has grown to become one of the biggest exchanges in terms of trading volume. So what happened to Binance?
