What is the point of the BNB coin?

BNB, the native token of the Binance exchange, serves a pivotal role in enhancing user experience and promoting adoption. Its primary function revolves around offering substantial discounts on trading fees, thereby incentivizing users to utilize the platform more frequently.

BTCC, a renowned cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of its clients. Among its offerings are spot trading, where users can buy and sell cryptocurrencies at prevailing market prices, and futures trading, enabling traders to speculate on the future prices of digital assets.

For those engaging in spot trading, the benefits of utilizing BNB as the mode of payment for trading fees are particularly alluring. By doing so, traders can enjoy a discount of up to 25% on their trading costs, significantly reducing the overall expense associated with their transactions.

In addition to its robust trading infrastructure, BTCC also provides secure wallet solutions, ensuring that users' digital assets are kept safe and accessible at all times. These wallets support a wide range of cryptocurrencies, making it convenient for traders to manage their portfolios from a single platform.

Margin trading, another popular feature on Binance, also benefits from BNB's discounted fee structure. Similar to spot trading, margin traders who choose to settle their fees with BNB are eligible for a discount of up to 25%, further enhancing the cost-effectiveness of their trading strategies.