What type of token is BNB?

At the core of Binance's operations lies its utilization of two primary blockchains: Binance Chain and Binance Smart Chain. Both of these blockchain platforms contribute to the seamless execution of Binance's services and enable a robust ecosystem for digital assets.

Categorized as a Utility Token, BNB plays a crucial role in enhancing the functionality and user experience on the Binance platform. It serves as a means of exchange, allowing users to pay for fees, participate in token sales, and enjoy other benefits offered by the exchange.

As a top cryptocurrency exchange, BTCC offers a diverse range of services catering to the needs of various investors and traders. Among its comprehensive offerings, BTCC provides spot trading, enabling users to buy and sell cryptocurrencies at current market prices.

In addition to spot trading, BTCC also specializes in futures trading. This service allows traders to speculate on the future price movements of cryptocurrencies, offering potential for profit or loss based on market fluctuations. Furthermore, BTCC offers a secure wallet service, safeguarding users' digital assets and ensuring their peace of mind.

Binance, a renowned name in the cryptocurrency space, is identified by its ticker symbol BNB. This token serves as a vital component within the Binance ecosystem, facilitating various transactions and interactions.