The currency $BNB BNB is the native digital currency of the Binance cryptocurrency trading platform. It was created in July 2017 using the ERC20 standard on the Ethereum blockchain. BNB is used to support exchange operations and provide convenience and affordability for traders and cryptocurrency enthusiasts.

*Features of BNB:*

: BNB is the native digital currency of the Binance cryptocurrency trading platform. It was created in July 2017 using the ERC20 standard on the Ethereum blockchain. BNB is used to support exchange operations and provide convenience and affordability for traders and cryptocurrency enthusiasts.

*Features of BNB:*

- *Trading Discounts*: BNB offers a 50% discount on trading fees on the Binance platform, which halves every year.

- *Support for a Sustainable Ecosystem*: BNB aims to enhance the operations of the Binance platform and create a sustainable ecosystem.

- *Multiple Uses*: BNB can be used to pay for listing fees, exchange fees, trading fees, or any other fees that users may incur on the platform.

- *Participation in ICOs/IEOs*: BNB is used in Binance's Launchpad to purchase a stake in new upcoming tokens to be traded on the platform ¹.

*Market Capitalization and Trading:*

- *Market Capitalization*: The market capitalization of BNB is approximately 93.37 billion USD.

- *Current Price*: The price of BNB is approximately 662.74 USD, with a 0.41% increase in the last 24 hours.