CRYPTOPROJECTS

BNB

BNB

BNB (BNB), formerly Binance Coin (BNB), is a cryptocurrency issued by the Binance exchange. Initially an ERC-20 token on Ethereum, it transitioned to Binance Smart Chain in 2019, becoming the native coin of Binance Chain.

BNB's primary use is to pay for trading fees on Binance, often at a discounted rate, fueling its widespread adoption. The coin's value has surged due to regular token burn events and its integral role within the Binance ecosystem. As one of the top-10 cryptocurrencies by market capitalization, BNB exemplifies its utility as a means of accessing discounted trading fees and participating in the Binance exchange's various markets, including spot and futures trading, as well as the decentralized exchange, Binance DEX.