Binance Coin (BNB) is a cryptocurrency asset that operates on the Binance blockchain platform. It serves as the native digital currency for the Binance exchange, one of the world's largest and most popular cryptocurrency exchanges. BNB is primarily used to pay for transaction fees on the Binance platform, offering users discounted fees when utilizing BNB for trading. Additionally, BNB can be used for various purposes within the Binance ecosystem, including participating in token sales, accessing premium features, and more. As a prominent cryptocurrency, BNB is actively traded on various cryptocurrency exchanges, providing investors and traders with opportunities to engage in the dynamic crypto market.
