What is Binance Coin (BNB)? – Satang

BNB or Binance Coin is a native cryptocurrency to the Binance Blockchain, the BEP2.

On Binance, the world’s largest cryptocurrency exchange, BNB pairs are one of the major trading pairs, in which on its backend, BNB also works as trading fees.

The creation of BNB has been a great revolution in the cryptocurrency industry as the BEP2 chain is effectively working on the same level as the ERC20 and the Bitcoin blockchain, but its benefits are greater than just working as a blockchain for BNB. For one example, Binance has launched Binance DEX in which BNB and its Blockchain, BEP2, will be heavily used for decentralized token trading. Another use case is the creation of BTCB which enables the rapid transfer of Bitcoin on the BEP2 blockchain.

Reference from:

https://www.binance.com/en/use-bnb

https://info.binance.com/en/currencies/bnb

https://www.binance.org/

https://www.bitcoinmarketjournal.com/binance-chain-launch/

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