What is BNB? And why is its value increasing?

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BNB or Binance Coin is the native coin of the Binance exchange, used for many purposes. Here are three important reasons why the value of BNB is increasing day by day:

1.

Used for fee reduction

If you use BNB, Binance reduces your trading fees. This is a major reason why people buy this coin.

2.

BNB is the native coin of Binance Smart Chain (BSC)

Thousands of projects, apps, and NFT markets on BSC require BNB, as it is used for their transactions.

3.

Burning every three months

Binance removes a certain amount of BNB coins from the market every three months (burn), which reduces supply and puts pressure on the price.

Conclusion:

BNB is not just a coin, but the heart of the Binance ecosystem. If you use Binance, BNB can be not only useful for you but also a good investment tool.

Hashtags:

#BNB #BinanceCoin #CryptoNews #BSC #BinanceSquare