What Binance Coin

shintamonica (55)in #steem • 8 years ago (edited)

Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can be prone to market manipulation. In the case of Binance Coin, things appear to be looking pretty good ..

WHY BINANCE NEEDS OWN COIN?

That's always the main question to ask when the exchange decides to make a move like this. Currencies that are traded on a real exchange that can not be exchanged elsewhere also create interesting discussions. Binance, one of the largest cryptocurrency exchanges in the world to date,

IS THERE ANY REASON TO VALUE BINANCE COIN SO HIGH?

While it sounds convenient to use Binance Coin as a way to pay expenses on the trading platform, the currency is valued at over US $ 16. That seems like quite a steep value for an ERC20 token with only one specific purpose.