#$BNB BNB Coin: Overview
BNB Coin, or Binance Coin, is a fundamental digital currency in the Binance ecosystem. It was launched in July 2017 as an ERC-20 token on the Ethereum platform, and then evolved to become the backbone of the Binance Chain. BNB is used to facilitate trading operations on the Binance platform and offers discounts on fees.
Importance of BNB Coin
- It is used to cover various fees on the platform, such as listing fees, exchange fees, and trading fees.
- It is used for investing in initial coin offerings (IEOs) on the Binance platform.
- It is utilized in various services, especially in the travel and hospitality sectors.
Features of BNB Coin
- *Stability and Efficiency*: It was designed on the Ethereum blockchain according to the ERC20 standard, allowing it to store and retain value securely.
- *Wide Usage*: It can be used for commercial discounts, payments in stores, and services that accept this currency.
- *Strong Financial Support*: It enjoys strong financial and strategic backing from Binance, making it an attractive investment for investors ¹.
Performance of BNB Coin
The price of BNB Coin has seen a significant rise recently, reaching $809.31 on July 23, 2025. The market capitalization of BNB Coin is approximately $106.43 billion, with a daily trading volume of around $3.44 billion.
