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BNB is the utility token on the Binance platform, one of the most popular crypto exchanges. It can be used to pay for transaction fees, such as trading fees and withdrawal ones.

It was initially issued as an ERC-20 token and later migrated to its own native blockchain, Binance Chain. Binance token has a fixed supply of approximately 180 million coins. Holding BNB in your account can also entitle you to discounts and, in addition, it can also be bought and sold on many exchanges and used for trading in the same way as other assets.