$BNB Binance Coin is a cryptocurrency issued by the Binance exchange and is traded under the symbol BNB. Binance Exchange is one of the largest trading platforms in the world with a volume of $7.6 billion at the time of writing.

●       Binance Coin is a cryptocurrency issued by the Binance exchange that is traded under the symbol BNB.

●       BNB was initially based on the Ethereum network but is now the native coin of Binance's own blockchain, the Binance chain.

●       Binance spends 1/5 of its profits each quarter to repurchase and permanently destroy, or "burn," the Binance coins held in its treasury.

●       Binance was founded in 2017 as a utility token for reduced trading fees, but its applications have since expanded to include payments for transaction fees (on Binance), entertainment, online or financial services.