$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem and plays a crucial role in Binance trading. Here are some ways BNB is used in Binance trading:
1. *Trading Fee Discounts*: Holding BNB in your Binance account can provide discounts on trading fees, ranging from 25% to 50% off.
2. *Listing Fees*: BNB is used to pay listing fees for new tokens listed on Binance.
3. *Token Sales*: BNB is often used as a payment method for participating in token sales and initial coin offerings (ICOs) on the Binance Launchpad.
4. *Voting*: BNB holders can participate in voting for new tokens to be listed on Binance.
5. *Payment for Services*: BNB can be used to pay for various services on Binance, such as margin trading fees and futures trading fees.
6. *Staking*: BNB can be staked to earn rewards and participate in the Binance Smart Chain (BSC) ecosystem.