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Wrapped BNB is a wrapped version of the Binance native tokens on the Bance Smart Chain. A wrapped token is a cryptocurrency token whose value is pegged to the value of another asset. WBNB makes it possible for Binance’s liquidity to be used on different blockchains. By using wrapped BNB, users can migrate from network to network and still be able to perform financial transactions. This cannot happen using Binance's platform or many of the exchanges currently available. Binance has heavy control over the coin and centralisation puts them at odds with the principles of cryptocurrency.