Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, encompassing the Binance Exchange and the BNB Chain. Initially launched in 2017 as a utility token to offer discounted trading fees on the Binance platform, BNB’s functionalities have significantly expanded over time. 

Key Uses of BNB:

• Transaction Fee Payments: BNB is utilized to pay for transaction fees on Binance.com, Binance DEX, and BNB Chain, often at discounted rates. 

• Payment Method: Beyond the Binance platform, BNB is accepted by various merchants for payments, including travel bookings and entertainment services. 

• Token Sales Participation: Holders can use BNB to participate in token sales hosted on Binance’s Launchpad. 

• In-Store Payments: BNB can be used for in-store payments at participating vendors, providing a versatile payment option. 

• Entertainment Services: BNB is used for various purposes in the entertainment industry, such as paying for virtual gifts and purchasing lottery tickets. 

BNB Price Information:

As of March 26, 2025, BNB is trading at approximately $630.22. #BNB #BinanceAlphaAlert