How To Buy Binance Coin (BNB) - Real Vision

Binance is one of the leading places for trading cryptoassets. They were among the first ones to offer tokenized shares of publicly traded companies, which allow users to invest in stocks without having to move money out of the crypto financial system.

Furthermore, Binance aims to be a one-stop shop for financial services in the crypto financial system. Its wide array of services ranges from crypto futures and options to staking and NFTs to Binance Credit Card and Binance Pay. As BNB holders benefit from discounts and fee reductions on the platform, the demand for the token rises the more traders and investors use its services.

As the native token for the Binance Smart Chain, BNB is also used for every transaction on the Binance Smart Chain. Due to the huge transaction volume the blockchain has attracted since its launch, having passed Ethereum with great margin, the demand for BNB has further increased.

For investors looking to benefit from the success of Binance, holding BNB tokens is an easy way to indirectly participate in the growth of the platform. As Binance attracts more users and expands its services, the demand for BNB is expected to grow accordingly, leading to a continuous increase in price.

Cautionary note: Binance has had some regulatory turbulence in recent years. Their ‘ask forgiveness, not permission’ approach allowed for fast-paced innovation and the offering of DeFi services to a broad audience. A good example of that was their launch of tokenized shares.

But regulators worldwide soon pushed back. In the US, Binance was forced to launch a separate US entity with a customized offering for US customers to comply with US regulations. In Europe, they had to temporarily suspend Single European Payment Area (SEPA) deposits to their platform. Also, in countries like the UK, Canada (Ontario), the Cayman Islands, or Thailand, Binance was ordered to cease operations for a lack of regulatory clearance or faced criminal complaints.

Binance has recently promised to do better and is growing its international compliance team. They have already started to tighten their verification process and further KYC and AML measures are expected to follow soon. Should they manage to cooperate with regulators worldwide, then their international growth is likely to continue. If they fail, then the exchange is expected to partly operate in legal grey areas, which could especially hurt their financial gateways to the fiat and banking systems.

Read the guide: What Is Binance Coin?