#MtGoxRepayments
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. Here are some key details about BNB:
- _Tokenomics:_ BNB is a utility token used to pay for trading fees, transaction fees, and other services on the Binance platform.
- _Use cases:_ BNB can be used for:
- Paying trading fees and transaction fees on Binance
- Participating in token sales and ICOs on Binance Launchpad
- Paying for services on Binance, such as withdrawals and listing fees
- Voting on proposals for the Binance ecosystem
- _Price:_ The current price of BNB is around $220 USD (subject to market fluctuations)
- _Market capitalization:_ Binance Coin has a market capitalization of over $30 billion USD
- _Trading:_ BNB is listed on popular cryptocurrency exchanges like Binance, Coinbase, and Huobi
BNB has seen significant growth in value since its launch in 2017, driven by the success of the Binance exchange and the increasing adoption of its use cases.