Today, we will talk about Binance Coin (BNB). Binance Coin is the largest cryptocurrency exchange in the world, with a volume of $6.7 billion. It initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or 'burn', Binance coins held in its treasury. Furthermore, Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees, travel bookings, entertainment, online services, and financial services. f275