BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, primarily used to pay for transaction fees on the Binance exchange and in the Binance Smart Chain (BSC) network. BNB’s utility extends to decentralized applications (dApps), DeFi protocols, and NFT marketplaces within the BSC ecosystem. As Binance continues to innovate and expand, BNB remains an essential asset for users participating in the Binance ecosystem and decentralized financial systems.
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