$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchange platforms in the world. Launched in 2017, BNB started as an ERC-20 token on the Ethereum blockchain, but later migrated to its own blockchain, the BNB Chain, which includes the BNB Smart Chain (BSC) and the BNB Beacon Chain.
Initially, its main utility was to offer discounts on trading fees within the Binance exchange. However, its functionality has significantly expanded. Now, BNB is used to pay transaction fees on the BNB Chain, participate in token sales (Launchpad), access promotions, and as a means of payment in various services and businesses. It is also fundamental for decentralized finance (DeFi) activities and NFTs in the BNB Chain ecosystem, serving as a utility and governance token.
