Binance Coin (BNB) is a digital currency created by the popular cryptocurrency exchange platform Binance. It was launched in 2017 as part of Binance’s initial coin offering (ICO) to fund the development of the exchange.
BNB can be used within the Binance platform for various purposes, such as paying for trading fees, participating in token sales on the Binance Launchpad, and more. Users can also trade BNB on other cryptocurrency exchanges.
One of the main features of BNB is its utility within the Binance ecosystem, as it provides discounts on trading fees when used to pay for transactions on the platform. This has helped drive the adoption and use of BNB among traders and investors.
Additionally, BNB has gained popularity as a digital asset for investment purposes, with its value increasing significantly since its launch. The coin has also seen integration into various third-party platforms and services, further expanding its utility and use cases within the broader cryptocurrency market.
