#TradeStories #NewsTrades Binance Coin (BNB) was launched by the world's largest cryptocurrency exchange, Binance, in 2017 as an ICO token initially used for transaction fee payments with discounts. BNB is based on the Ethereum ERC-20 standard and later migrated to the Binance Chain (now known as BNB Chain), becoming its native token. Binance enhances the value of BNB through regular token burns, and by May 2025, the total supply of BNB has been reduced to approximately 140 million coins. BNB has a wide range of uses, including paying fees, participating in DeFi, NFT trading, and Launchpad investments. The rapid expansion of the Binance ecosystem has driven the price of BNB from an initial price of about $0.1 to hundreds of dollars, making it one of the top cryptocurrencies by market capitalization.