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The Binance Coin is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, a pure cryptocurrency exchange that plans to create a decentralized exchange for blockchain assets. BNB gives users access to special features and will be used to power the upcoming decentralized exchange. In addition, Nexo platform now supports the BNB coin as collateral for instant crypto loans.
Try our free Binance Coin (BNB) portfolio tracker if you want to efficiently keep track of your BNB and other coin/token investments.