Binance own coins

The coin is used as a utility token for the Binance exchange and allows users to pay for transactions and trading fees at a lower rate than they would be with other tokens. Binance uses the process of token “burns,” meaning they use the profit from token sales to repurchase more BNB and then burn (destroy) them.27 Eki 2021

Binance makes money from trading fees, interest on loans, fees from its broker program, spreads, cloud offerings, interchange fees, mining services, and profits from investments . The platform also used to also generate income via listing fees from the launch of new crypto tokens.

BNB offers a complete package to the users as it is redeemable, trustworthy and flexible, along with minimal fees. BNB can handle higher transactions volumes because of its frequent block generation ability, which helps the users and merchants to receive quicker confirmation times.