$BNB BNB (Binance Coin) is the cryptocurrency issued by Binance, one of the largest cryptocurrency exchanges globally. Here’s an overview:

Key Facts About BNB:

1. Use Cases:

Transaction Fees: Users get discounts when paying trading fees on Binance using BNB.

Token Utility: BNB can be used for payments, staking, DeFi platforms, and more.

Smart Chain: BNB powers the Binance Smart Chain (BSC), supporting decentralized applications (dApps) and smart contracts.

2. Market Performance:

BNB is one of the top cryptocurrencies by market capitalization. Its value often reflects Binance's success and the growth of its ecosystem.

3. Burn Mechanism:

Binance regularly burns (destroys) BNB tokens to reduce supply and increase scarcity, potentially boosting value over time.