Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, created by the Binance exchange, one of the largest cryptocurrency exchanges in the world. Launched in 2017, BNB was initially used to pay for trading fees on the Binance platform, offering users discounts on their transactions.

Over time, BNB has expanded its use cases beyond the exchange. It can now be used for trading, payment for transaction fees on Binance Smart Chain, booking travel accommodations, entertainment, online services, and even financial services. BNB’s versatility and strong backing by the Binance exchange have made it one of the top cryptocurrencies by market capitalization, playing a crucial role in the broader crypto economy.

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