Cryptocurrency Q&A Is BNB an exchange token?

Is BNB an exchange token?

KimonoSerenity KimonoSerenity Wed Nov 20 2024 | 6 answers 1283
I'm wondering if BNB is considered an exchange token. I've heard about it in the context of cryptocurrency, and I want to know if it's specifically used for exchanges or if it has other functions as well. Is BNB an exchange token?

6 answers

Luca Luca Fri Nov 22 2024
BNB also powers the realm of decentralised finance, or DeFi.

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Carlo Carlo Fri Nov 22 2024
BNB serves as the native token of one of the largest exchanges globally.

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CryptoVisionary CryptoVisionary Fri Nov 22 2024
Users of the Binance exchange leverage BNB for various transactions.

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Maria Maria Fri Nov 22 2024
BTCC, a top cryptocurrency exchange, offers diverse services.

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SumoHonorable SumoHonorable Fri Nov 22 2024
It plays a pivotal role in fostering a thriving ecosystem.

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