BNB, which stands for Binance Coin, is a cryptocurrency that is primarily used on the Binance exchange. The value of BNB is determined by market demand and supply, similar to other cryptocurrencies. BNB's price is influenced by factors such as trading volume, investor sentiment, and overall market conditions. It is traded against other cryptocurrencies or fiat currencies on various exchanges, and its value can fluctuate based on market dynamics.
