Binance Coin (BNB) is a cryptocurrency token issued by Binance.com.
BNB runs on the Ethereum blockchain and is used to pay fees on the Binance exchange. BNB can also be used to purchase goods and services.
Binance Coin is not a stablecoin. Binance Coin’s price is subject to market forces and can fluctuate widely.
Binance Coin is not backed by any asset or pegged to any currency.