What is BNB?
BNB (or Binance Coin) is a digital asset created to facilitate payments and trades on the cryptocurrency exchange platform, Binance. It was developed in 2017 by the company behind the popular crypto-trading site and has since become one of its most widely used tokens. The coin can be used to pay for trading fees on the platform, as well as other services such as listing fees or withdrawal fees. Additionally, users may also receive discounts when paying with it for specific types of orders like limit orders that are subject to maker rebates/taker discounts. Furthermore, holders of this token have access to exclusive benefits including early access sales from select partners and discounted prices at various merchants accepting it as payment option.
