#CryptoUsersHit18M
» Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. Here are some key points about BNB:
««Overview»
- «Launch Date» : July 2017
- «Symbol» : BNB
- «Market Cap» : Approximately $104.71 billion USD (as of the latest update)
««Key Features»»
- «Utility Token» : BNB is used to pay transaction fees on the Binance exchange, offering users a discount
- «Binance Ecosystem» : BNB powers various applications within the Binance ecosystem, including the Binance Chain and Binance Smart Chain.
- «Token Burns» : Binance regularly "burns" or permanently removes BNB from circulation, which helps to increase its value over time.
««Recent Performance»»
- «Current Price» : Around $727.13 USD (as of the latest update)
- «24-hour Trading Volume» : Approximately $2.34 billion USD
- «Price Change» : BNB has seen a recent increase of about 2.81% in the last 24 hours.
««Uses»»
- «Trading Fees» : Users can use BNB to pay for trading fees on Binance, which provides a discount compared to using other cryptocurrencies
- «Payments» : BNB can be used for various payments, including travel bookings, entertainment, and online services
- «Financial Services» : BNB is also used in financial services within the Binance ecosystem.