Binance Coin is a cryptocurrency that is used as a way to pay fees for trading on the Binance Exchange - one of the world's largest cryptocurrency exchanges. Built on the Binance blockchain, Binance coin enables traders to get discounted fees when buying, selling and trading cryptocurrencies on the Binance Exchange. BNB is also used to pay for transactions on the Binance blockchain, and for some purchases that allow for payment with BNB.
The current price of BNB is $426.22 US dollars. This price is down -8.18% from yesterday