How did Binance Coin do it in 2018?

[ad_2][ad_1]

Binance Coin (BNB) is the homonymous cryptocurrency underlying the world's largest virtual currency exchange, Binance.

It was launched in July 2017 as an EthCeum-based ERC20 token blockchain, collecting $ 15 million for Binance in its initial coin offering (ICO).

The industry of cryptocurrency is (in) famous for having made and broken fortunes in a blink of an eye. But even in this volatile environment, Binance managed to stand out.

Founded in July 2017, it was already the largest cryptocurrency trading bank in the world (by trade volume) in April 2018; it takes less than ten months to get there.

This strong growth has made BNB – which is mainly used to pay for services on the currency exchange – one of the most valuable cryptocurrency assets of 2018.

Review of the BNB / USD market

BNB opened at $ 0.11 on the first day of its public trading on July 25, 2017, according to CoinMarketCap data. By January 1, 2018, it was worth $ 8.63, marking an increase of around 75 times. Most of these gains were made at the end of December in line with the overall growth of the cryptocurrency market.

http://thenextweb.com/