I'm trying to understand the relationship between
BNB and Binance. Specifically, I want to know if BNB is a part of or associated with Binance in any way. Can someone clarify this for me?
6 answers
CryptoKing
Thu Jan 09 2025
Binance Coin (BNB) serves as the cryptocurrency of Binance, a prominent exchange in the global cryptocurrency market.
Martino
Thu Jan 09 2025
This digital asset was primarily created to streamline the trading process on Binance's platform.
CryptoAce
Thu Jan 09 2025
Initially, BNB was distributed as an ERC-20 token, which operates on the
Ethereum blockchain.
Isabella
Thu Jan 09 2025
Over time, BNB underwent a significant transition and migrated to its dedicated blockchain network.
CryptoMystic
Wed Jan 08 2025
This move allowed
BNB to enhance its capabilities and better serve the needs of Binance users.