#BNB_Market_Update # The Rise of Coin (BNB)

In the ever-evolving world of cryptocurrency, Coin (BNB) has emerged as a prominent player. Launched in 2017 by one of the largest cryptocurrency exchanges globally, BNB has grown beyond its initial purpose as a utility token for discounted trading fees.

*Key Features of BNB*

- *Utility*: BNB is used to pay for trading fees on the exchange, offering discounts to users.

-: BNB has a deflationary model, with Binance burning a portion of tokens quarterly, reducing the total supply.