$BTC The BNB currency is the native digital currency of the Binance cryptocurrency trading platform. Here are some key data about BNB¹:
- *Current Price*: $657.50
- *Market Cap*: $91.49 billion
- *Daily Change*: 1.55% (increased from $647.47 to $657.50)
- *Maximum Daily Trading*: $657.75
- *Minimum Daily Trading*: $642.77
*What is BNB?*
BNB is a digital currency created in July 2017, aimed at supporting trading operations on the Binance platform and providing convenience and affordability for traders. It can be used to pay for trading and listing fees on the platform, and can also be used for IEO investments listed in Binance's Launchpad section.²
*Benefits of Using BNB*
- *Fast Transactions*: BNB can be used for trading on Binance, allowing access to the platform's matching engine, which can support up to 1.4 million orders per second.
- *Security*: Binance has strong security and protection features, such as a multi-tier and multi-cluster system architecture and a secure asset fund for users.
- *Trading Fee Discount*: BNB holders can receive a 50% discount on trading fees in the first year, with the discount halved each subsequent year.
