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BNB BNB |
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$693.84 |
0.45 % (24h) |
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Marketcap |
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$99,916,874,851 |
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Volume 24h |
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$1,786,438,685 |
Description
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. Launched in 2017, BNB was initially issued as an ERC-20 token on Ethereum but later migrated to Binance's own blockchain, Binance Chain. BNB is used to pay for transaction fees on the Binance platform, participate in token sales, and more. It also offers various discounts and benefits to its holders within the Binance ecosystem.