Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

In late October 2025, Binance founder Changpeng "CZ" Zhao was granted a full pardon by U.S. President Donald Trump. This clemency expunged Zhao's prior criminal conviction and came amid a series of pardons for crypto industry figures by Trump. The pardon was expected to open the door for Zhao's return to Binance and potentially allow the exchange to expand in the United States. Binance's current CEO Richard Teng said no decision had been made on giving Zhao any formal role, though CZ remains the exchange's controlling shareholder.

Binance also navigated other regulatory events. In mid October, France's financial regulator instructed Binance to bolster its anti money laundering controls or risk jeopardizing its chances of obtaining a new EU license under the upcoming Markets in Crypto Assets rules. By late 2025 Binance had secured regulatory approvals in about 22 countries worldwide.

On the product side, Binance dealt with a notable technical incident. Around October 12, a surge in market volatility and user activity strained Binance's infrastructure, disrupting trading in certain wrapped tokens and causing their prices to briefly crash. Binance apologized and said affected users would be compensated. Within a day, it implemented a conversion ratio pricing fix for those wrapped assets to prevent a recurrence.

In November, Binance expanded its ecosystem and services. It partnered with BlackRock to list the asset manager's 2.5 billion dollar tokenized U.S. Treasury fund as an accepted collateral asset for Binance's institutional traders, and also enabled the fund's token launch on Binance's BNB Chain for decentralized finance use. A major crypto benchmark again ranked Binance the top global exchange with an AA rating. Binance now processes roughly 26 percent of global spot cryptocurrency trading volume and reports over 290 million users worldwide, underscoring its robust growth despite a turbulent market.