$BNB

BNB (Binance Coin) is a cryptocurrency native to the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Originally launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB serves multiple purposes within the Binance platform, such as paying for transaction fees, participating in token sales, and even purchasing goods and services. The coin's utility is expanded beyond the exchange, offering discounts on trading fees and providing access to Binance's decentralized finance (DeFi) applications. BNB also plays a role in Binance’s Smart Chain (BSC), a blockchain platform designed for decentralized applications and smart contracts. Over time, BNB has grown in popularity and market value, making it one of the top cryptocurrencies by market capitalization. It is often used as an investment asset as well, due to its various use cases and the ongoing growth of the Binance ecosystem.