Binance Coin (BNB)

Binance crypto coin stands on wood outdoor close-up, copy space. Single gold BNB cryptocurrency coin and place for text. Green natural blurred forest background.

Excluding stablecoins, Binance Coin, or BNB, is the third-largest cryptocurrency by market cap. The market cap stood around $45 billion on May 12. BNB offers investors a nice way to bet on the flourishing Binance ecosystem, which includes the world’s largest cryptocurrency exchange. Binance is off to an early – and commanding – lead in the buying and selling of digital assets, with May data showing trailing 24-hour volume of more than $47 billion, compared with about $8 billion in trailing volume for the likes of Coinbase Global Inc. (ticker: COIN). A deflationary token, 99% of BNB’s maximum supply is already in circulation, and Binance also burns a percentage of BNB-based transaction fees on its network.