What is Binance Coin (BNB)?
You Must Have BNB in Portfolio
Binance coin $BNB is a crypto asset created by Binance, one of the largest crypto exchange platforms in the world.
In the Binance ecosystem, BNB is used as a utility token to get discounts when paying trading fees on the Binance platform. However, in its development, BNB has become a crypto asset that many people own as an investment asset along with the rapid development of Binance as a crypto asset exchange platform.
According to data from Coinmarketcap, BNB is the 4th largest crypto asset in the world after Bitcoin (BTC) and Ethereum ( ETH).
As one of the largest platforms, Binance records more than 1.4 million transactions every second (April 2021).
In February 2022, Binance officially changed the abbreviation for BNB coin which previously meant Binance Coin to Build and Build. Additionally, Binance Chain and Binance Smart Chain are now united under an umbrella called BNB Chain.
Currently,BNB is trading around $564.5
