BNB is called the native coin of the Binance Chain and it empowers the Binance Ecosystem. It can also be used in many different ways as shown below.
- Investors can use BNB when paying trading fees on the Binance Exchange.
- BNB can be used for enrolling in token sales launched on the Binance Launchpad.
- BNB is becoming a more universal payment method to pay as more vendors are willing to accept this currency nowadays.
- Binance DEX (Binance Decentralized Exchange) is powered by BNB.