$BNB BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem. It was initially based on the Ethereum network but has since moved to the Binance Smart Chain (BSC), a blockchain developed by Binance. BNB is used for various purposes within the Binance ecosystem, including:

Discounts on Trading Fees: Holding BNB can provide discounts on trading fees when using the Binance exchange.

Payment for Transaction Fees: BNB can be used to pay for transaction fees on the Binance Smart Chain, similar to how ether (ETH) is used on the Ethereum network.

Staking and Validation: BNB is used for