Binance Сoin (BNB) is a cryptocurrency designed by the exchange company, Binance . Based on the ERC-20 standard , Binance Coin was created with Ethereum technologies. Binance Coin's market capitalization is one of the largest on the market and the largest among ERC-based tokens, at over $ 2.3 billion at the time of writing. Binance BNB was developed to become a trading tool on the Binance exchange platform. BNB-based transactions are subsidized by the exchange, making the coin more attractive for use within it. Due to Binance's large trading volume and its effective strategy on the new asset, Binance Coin quickly became an important part of the industry. The price of BNB is supported by the large number of companies that accept the currency as a form of payment.