#ThanksgivingBTCMoves BNB is the native cryptocurrency of the Binance ecosystem, primarily used on the Binance Exchange and Binance Smart Chain (BSC). It was first issued in 2017 as an ERC-20 token on the Ethereum blockchain but was later migrated to Binance's exclusive blockchain.
Key features of BNB:
1. Utility on the Binance platform:
Users can pay trading fees on the Binance Exchange at a discounted rate when using BNB.
It is also used for transaction fees, staking, and providing liquidity for Binance-related products.
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