#Binance

$ BNB You're asking about two related but distinct entities in the cryptocurrency world:

* Binance (the company/exchange)

* BNB (the cryptocurrency)

Here's a breakdown:

Binance (The Company/Exchange)

* What it is: Binance Holdings Ltd., branded as Binance, is the largest cryptocurrency exchange globally in terms of daily trading volume. It provides a platform for users to buy, sell, and trade a vast array of cryptocurrencies.

* Founding: It was founded in July 2017 by Changpeng Zhao (CZ) and Yi He.

* Services: Beyond just trading, Binance offers a comprehensive suite of services, including:

* Cryptocurrency exchange: Spot, margin, and futures trading for hundreds of cryptocurrencies.

* Binance Earn: Services for users to earn interest on their crypto holdings (e.g., staking, lending).

* Binance Launchpad: For launching new blockchain projects.

* Binance Smart Chain (now BNB Smart Chain): A blockchain network that supports smart contracts and decentralized applications (dApps).

* NFT Marketplace: For trading non-fungible tokens.

* Binance Pay: For making payments with cryptocurrency.

* Education: Binance Academy offers resources for learning about crypto.

* Headquarters: While initially based in China and then Japan, Binance currently has no official company headquarters and operates globally.

* Revenue: Reported revenue of US$12 billion in 2022.

BNB (The Cryptocurrency)

* What it is: BNB, originally known as Binance Coin, is the native cryptocurrency of the BNB Chain ecosystem. Its name was rebranded in 2022 to "Build and Build" to reflect its broader ecosystem beyond just the Binance exchange.

* Symbol: $BNB

* Launch: Launched in July 2017 during an Initial Coin Offering (ICO). It was initially an ERC-20 token on the Ethereum network but later moved to Binance Chain (now BNB Beacon Chain) and then to BNB Smart Chain.

* Uses (Utility): BNB has multiple use cases, both within and outside the Binance ecosystem: