What is BNB?
Binance Coin (BNB) is the native utility token used by Binance, the world’s largest cryptocurrency exchange. BNB was released through an initial coin offering (ICO) before Binance’s launch in 2017. Despite the connection with Binance Exchange, BNB is not a direct investment in the platform. Instead, it offers users a way to interact with the various services provided on Binance and the decentralized applications (dapps) on its network.