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Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer BNB network without the need for intermediaries. They can be exchanged for other currencies, products, and services. It is also the most widely accepted as means of payment - so much so that most other cryptocurrencies are indexed and accessible only via BNB trading.