Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

Its price in 2017 was just $0.10; by June 2021, it had risen to over $350, a gain of almost 350,000%.

---

This episode is sponsored by

· Anchor: The easiest way to make a podcast. https://anchor.fm/app