Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. It was launched in 2017 as part of Binance's initial coin offering (ICO) to fund the development of the exchange. BNB serves various purposes within the Binance ecosystem, including discounted trading fees for users who pay with BNB, participation in token sales on the Binance Launchpad platform, and as a means of payment for goods and services through merchants that accept BNB. BNB has seen significant adoption due to its utility and the popularity of the Binance exchange. It has also expanded beyond the Binance ecosystem, with BNB being supported by various third-party wallets, exchanges, and decentralized finance (DeFi) platforms. Binance regularly uses a portion of its profits to buy back and burn BNB tokens, reducing the total supply over time, which can contribute to increasing its value. Additionally, Binance has been actively involved in developing the Binance Smart Chain (BSC), a parallel blockchain that enables smart contract functionality and decentralized applications (DApps), further expanding the use cases and utility of BNB within the broader crypto ecosystem.
On September 13, 2026, Solana (CRYPTO:SOL) closed below $100 at $99.26, following a Senate vote on the crypto market structure bill. It fell again on September 15 and 16 but closed above $100 on September 17 at $101.54, and was…
By Sam Daodu
· 7:54pm ET The crypto market is still finding its footing heading into mid-2026, and in the middle of that uncertainty, three cryptocurrencies keep coming up in every serious conversation about what’s next.XRP (CRYPTO: XRP)…
Sam Daodu XRP (CRYPTO: XRP) is currently trading around $1.36 after losing the $1.40 support level on May 18. The coin is down roughly 5% over the past week, and over the last 90…
Sam Daodu XRP (CRYPTO: XRP) is currently trading at $1.36 after slipping 6% over the past week. Solana (CRYPTO: SOL) is hovering around $84, roughly 50% below its 2025 high, while BNB (CRYPTO: BNB)…
Sam Daodu Markets are a bit quiet on this Tuesday as we enter the back half of December. NFP came in with some surprises, especially the Unemployment Rate climbing to 4.6%. With job growth continuing to…
The crypto market hemorrhaged nearly $1 trillion in 48 hours during November’s correction. Bitcoin (CRYPTO:BTC) dropped below $100,000, Ethereum (CRYPTO:ETH) fell 16%, and altcoins got hammered across the board. The Fed signaled it would…
24/7 Insights: Binance Coin, or BNB, is the native token of the Binance exchange and the world’s fourth-largest cryptocurrency by market capitalization. Capital inflows into the crypto sector have surged, as have trading volumes,…
