BNB
Binance Coin (BNB) is the native cryptocurrency of the Binance cryptocurrency exchange. It was created to be used on the Binance platform and can be used to pay for transaction fees on the exchange, such as trading fees, withdrawal fees, and listing fees.
Binance Coin was launched in 2017 as an ERC-20 token on the Ethereum blockchain and became the native cryptocurrency of the Binance platform in 2019 after the company completed its mainnet swap. Binance Coin can be bought and sold on cryptocurrency exchanges and used to purchase goods and services from merchants who accept it.
In addition to being used as a means of payment on the Binance platform, Binance Coin also has utility as a store of value and can be used as collateral for loans on the Binance lending platform. It has also been used to fund the development of various Binance-related projects, such as the Binance Academy and the Binance charity foundation.
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