Today, BNB moved within a narrow range a bit, and the highest price it recorded was around $662.38, while the lowest level it reached was $657.61, and it is currently trading around $659.54 with a slight decrease of about 0.11% from yesterday's close.
BNB is the native currency of the Binance platform, which is considered the largest cryptocurrency exchange in the world by trading volume. Binance started in 2017 and quickly became a name in the market because it offers many services such as spot trading, futures, lending, digital wallets, and even NFT platforms.
Initially, BNB was only aimed at reducing trading fees on the platform. Over time, it has gained many other uses, such as paying transaction fees on the BNB Chain network or participating in new project launches on the Launchpad platform.
Binance has faced challenges and regulations that are not easy in many countries, especially regarding licensing and transparency. Despite this, the platform has maintained a massive trading volume and a large user base that grows every year.
For investors, BNB is considered one of the largest cryptocurrencies by market capitalization, and its price volatility is linked to the overall market movement as well as news about Binance itself. Many people see the use of the currency within the platform as a positive thing, but at the same time, any regulatory issue or changes in laws can quickly affect its price.
