đ°WBNB is âWrapped BNB,â and BNB or Binance Coin is a native cryptocurrency of Binance blockchain. But BNB was not designed to be implemented in the BNB Chain ecosystem and could only be exchanged for a limited number of tokens. To solve this issue, the exchange decided to make what is known as a wrapped cryptocurrency. And this Wrapped BNB can be traded directly with alt tokens and can also be converted back.
đWBNB value is pegged to the value of BNB; every WBNB coin is backed 1:1 to a Binance asset. Wrapped Binance allows for faster Binance transfers on different blockchains and provides the opportunity for Binanceâs native cryptocurrency, BNB, to be used within different blockchains.
đ$WBNB is one of the top tokens in the Coinswap Space platform, and itâs available on our yield farming pool!