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Binance is much more than just an exchange - instead, it represents an ecosystem that provides a vast array of services for cryptocurrency startups, investors, and traders. These platforms are powered by the Binance Coin, often referred to as the BNB token. Binance Coin has performed well over recent months and has a solid tokenomic structure to expand its utility and increase scarcity. But, how does Binance make use of the BNB token?
Binance is often referred to as the world's number one crypto exchange platform in terms of trading volume, however, this crypto giant offers far more than their reputable centralized exchange. Binance has created its own blockchains; decentralized exchange, charity and funding schemes, education academy, Trust Wallet, alongside research monitoring the latest innovations and market analysis within the crypto industry.
Binance is the world’s largest Bitcoin exchange in terms of trading volume and is reportedly the fastest-growing profitable unicorn start-up in history. However, there is much more to the ecosystem than just the exchange. There have been several very successful projects that have launched their initial token issuance through the Binance Launchpad. With each launch, more projects are attracting the eyes of investors.
