What is Binance Coin (BNB)? 

Binance Coin, also known as BNB, is a cryptocurrency issued by Binance Exchange, one of the world’s largest crypto exchanges. BNB was initially based on the Ethereum network but is now the native coin of Binance’s own blockchain, the Binance chain. First created as a utility token for discounted trading fees in 2017, the BNB coin is now used in numerous applications, including payments for transaction fees on the Binance Chain, travel bookings, entertainment, online services and financial services. 

At the end of every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or “burn” Binance coins in its treasury. The purpose of this practice is to regulate the supply of BNB coins, maintain healthy token circulation and slow down potential inflation. 

Check Binance Live Coin Price 

FAMEEX provides you with daily live updates of BNB coin prices. You will be able to track real-time data like the Last Price, performance in the last 24 hours, live market cap and so on. Monitor any price changes and fluctuations of the Binance coin with ease, and make informed and timely decisions on whether to hold or sell at the optimal price. 

Start Trading Binance Coins With FAMEEX 

As the world’s leading cryptocurrency exchange, FAMEEX is committed to providing users with a safe trading environment that complies with local regulatory policies and requirements. Buy and sell crypto with ease on our user-friendly app that allows you to track your transactions at one glance. When you start trading crypto with us, you can also expect to get 24/7 customer support from our dedicated customer service team whenever the need arises. 

Sign up for an account with us today and start trading a variety of crypto coins, including Binance (BNB), Polkadot (DOT), OMG, and more!