#TradingAnalysis101
BNB, or Binance Coin, is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency platforms globally. Initially launched as an ERC-20 token on Ethereum, BNB transitioned to Binance's own blockchain, the Binance Chain. BNB is used for paying transaction fees on the platform, trading, and even staking for rewards. It also serves as a utility token for various services within the Binance ecosystem, such as in token sales and decentralized finance (DeFi) projects. BNB has gained significant popularity due to its multiple use cases, consistent growth, and its role in the Binance ecosystem.
