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Binance coin cryptocurrency is a cryptocurrency which uses Binance as a platform where Binance implies both binary and finance. Binance uses blockchain open source network. Many companies already took Binance as there payment method. This cryptocurrency is based on Etheraum platform which allows users to get a concession on any fees. It has created a superb centralised exchange money platform. Binance allows its users to use some of the special features to create a centralized system that makes it more attractive to the new users. Nexo platform is also supporting this coin to approve quick crypto loans. So Binance has already spread its wings in the market and convinced people to invest in it.