$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, the world's largest cryptocurrency exchange by trading volume. Launched in July 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but has since migrated to its own blockchain, Binance Chain, and Binance Smart Chain (BSC). BNB is used to pay fees on the Binance platform and offers various use cases within the Binance ecosystem, including staking, decentralized finance (DeFi), and gaming. The tokenomics of BNB include periodic coin burns, which reduce the circulating supply and can potentially increase its value over time. BNB has seen significant growth and adoption, making it one of the top cryptocurrencies by market capitalization.
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