#TrumpTaxCuts BNB (Binance Coin) is the cryptocurrency of the Binance exchange. Key points:
* **Utility:**
* Used for trading fees on Binance.
* Powers the BNB Chain ecosystem.
* Used for payments and various online services.
* **History:**
* Launched in 2017.
* Migrated to its own blockchain.
* Has a deflationary mechanism, where the supply is reduced over time through "burns".
* **Current status:**
* BNB has a large market capitalization.
* It is a very popular crypto currency.
* The price of BNB is subject to market volatility.