#BTCReserveStrategy BNB, or Binance Coin, is a cryptocurrency that was created and issued by the cryptocurrency exchange Binance. Launched in 2017, BNB has grown in popularity and is now used for various purposes, including ¹ ²:
- *Trading Fee Discounts*: Users can enjoy a 25% discount on trading fees when paying with BNB on the Binance platform.
- *BNB Chain Ecosystem*: BNB powers the BNB Chain ecosystem, supporting transactions on the BNB Smart Chain and other platforms.
- *Governance Token*: BNB serves as a governance token, allowing holders to participate in the BNB Chain's decentralized on-chain governance.
- *Strategic Reserve Asset*: BNB plays a critical role in the BNB Executive Total Value Locked (TVL) campaign, driving ecosystem growth and incentivizing adoption.
The current price of BNB is around $757.94, with a 1% increase in the last 24 hours. The market capitalization of BNB is approximately $105.43 billion, ranking it #5 on CoinGecko ¹.
Some popular platforms to buy and trade BNB include ¹:
- *Binance*: The most