The cryptocurrency #BNB (Binance Coin) is among the five most valuable in the world, with a current market capitalization of R$ 570.37 billion . Its current price is R$ 3,943.22, with an increase of 1.72% in the last 24 hours . In addition, the 24-hour trading volume is R$ 15.60 billion, with a variation of 9.37%.
BNB is the official currency of the cryptocurrency exchange #Binance and can be used to pay transaction fees, participate in token sales and perform other operations within the #Binance ecosystem. It is also used as a governance token and to validate transactions on the Binance Smart Chain .
Another interesting point is that Binance regularly performs BNB “burns,” which reduce the total supply of coins in circulation and can increase the value of the token.