What is a native coin?
You’ve probably heard of at least Bitcoin, and likely also Ethereum. We’ll start there.
Bitcoin was the original cryptocurrency created by someone, or several someones, called Satoshi Nakamoto. No one knows who this person(s) was, but Bitcoin is the coin that they created on their blockchain. The Ethereum blockchain is another early blockchain which is quite popular today. Ethereum has a native coin called ETH. The Bridges Exchange is based on the BNB Chain where BNB (Binance Coin) is the native coin.
Are you seeing a pattern here? Each blockchain has one native coin, commonly referred to as a coin. This is the foundational cryptocurrency on that chain. Think of it as a sort of default that comes with the blockchain.
A coin lives on its blockchain, so you can trade ETH on Ethereum, but you cannot trade ETH on BNB chain. You may have seen that Bridges Exchange allows you to trade both ETH and Bitcoin (BTC) although Bridges Exchange is on BNB Chain. How then is that possible? That’s where the concept of tokens come in.