Binance comes from the words “Binary” and “Finance.” it’s a pair of meanings. it’s one in all the world’s leading cryptocurrency exchanges. The Binance (BNB) coin is that the Binance exchange platform cryptocurrency. The coin has attracted interest recently as Binance is currently the biggest cryptocurrency exchange within the world.
The BNB token is used for paying the group action fees incurred whereas exchanging the digital coins. as an example, if you would like to convert your Litecoins to Bitcoin, you’d ought to pay some group action fee (by receiving a rather less quantity of BTC than expected).