BNB coin, also known as Binance Coin, is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Smart Chain, and Binance DEX ¹. It was launched in July 2017 as an ERC-20 token on the Ethereum blockchain but later migrated to the Binance Chain in February 2019 ².
BNB's primary use case is to pay for trading fees on the Binance exchange at a discounted rate. Holding BNB also grants users access to various benefits, such as reduced trading fees, VIP tiers, and participation in token sales ².
Here are some key stats about BNB coin:
- *Current Price*: $661.70 ²
- *Market Cap*: $96.51 billion ²
- *Circulating Supply*: 145,887,575 BNB ²
- *Total Supply*: 200,000,000 BNB ²
BNB can be purchased on various cryptocurrency exchanges, including Binance, Bybit, and DigiFinex ².
