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The biggest cryptocurrency exchange in the world, Binance, is the issuer of Binance Coin (BNB). It provides customers with a discount and is mostly used to pay transaction and trading fees on the Binance exchange. It can also be used for a number of other purposes, such as processing payments, purchasing virtual presents, paying for vacation reservations on specific websites, and making credit card purchases. Because there is a limited amount of BNB, it is rare and may be worth more. Originally built on the Ethereum network, Binance Coin is currently the native money of Binance's own blockchain, the Binance Chain.
