BNB (BNB)

Binance, launched in July 2017, is the biggest cryptocurrency exchange globally based on daily trading volume. The company aims to bring cryptocurrency exchanges to the forefront of financial activity globally and the name "Binance" represents this new paradigm in global finance - Binary Finance.

In addition to being the largest cryptocurrency exchange, Binance has created an entire ecosystem of functionalities for its users. This includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and various research projects. All of these sub-projects utilize the power of blockchain technology to bring new-age finance to the world.

One important aspect of the Binance ecosystem is the Binance Coin (BNB). BNB plays a crucial role in the successful functioning of many of the Binance sub-projects. It can be used as a means of payment on the Binance platform, providing discounts on trading fees for those who use it. BNB is also used to pay for transaction fees on the Binance Smart Chain, a blockchain network that allows for fast and inexpensive transactions.

In conclusion, Binance is not just a cryptocurrency exchange, but a whole ecosystem of functionalities that are utilizing blockchain technology to bring new-age finance to the world. BNB is an integral part of this ecosystem, providing users with discounts and an easy way to pay for transaction fees. As the world continues to adopt cryptocurrencies and blockchain technology, Binance's ecosystem is well-positioned to be a major player in the space.