Binance Coin (BNB) has positioned itself among the top 20 in the list of over 2000 cryptocurrencies listed on Coinmarketcap. In a recent tweet, Binance revealed that BNB has become the 14th most valuable cryptocurrency by market capitalization, which presently stands at over $1.2 billion.
BNB is Binance’s native coin with several use cases for holders which the company highlighted in a blog post published on its official Medium account. The cryptocurrency can be used for paying trading fees on Binance, spending on goods and services with Binance’s partner merchants and establishments, using as a gift token on social media services.
Coinmarketcap.com’s 24-hour trading volume rankings for cryptocurrency exchanges show Binance at the top position, as the largest exchange by trading volume.