$BNB

BNB (Binance Coin) is currently trading at $709.52, with a 0.78% increase over the past 24 hours ¹. Its market capitalization stands at $101.96 billion, and the 24-hour trading volume is $2.08 billion ¹. BNB is the native cryptocurrency of the Binance exchange, which is the largest cryptocurrency exchange globally based on daily trading volume ¹.

BNB serves various purposes within the Binance ecosystem, including:

- *Payment for Trading Fees*: Users can pay trading fees on the Binance exchange using BNB, which offers a discount compared to paying with other cryptocurrencies ¹.

- *Participation in Token Sales*: BNB holders can participate in token sales on the Binance Launchpad platform ¹.

- *Voting Rights*: BNB holders have voting rights in certain decisions related to the Binance ecosystem ¹.

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