$BNB
BNB, also known as Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, it later migrated to its own blockchain, the BNB Chain.
BNB serves multiple utilities within the Binance ecosystem. Primarily, it offers users discounted trading fees on the Binance exchange. Beyond the exchange, BNB can be used to pay for goods and services, book travel accommodations, for entertainment purposes, and even for financial services like loans. A portion of BNB is regularly burned, reducing its total supply over time. Currently, BNB ranks among the top cryptocurrencies by market capitalization, reflecting its widespread adoption and utility. As of today, May 20, 2025, the live price of BNB is around $650, with a market cap exceeding $90 billion USD.
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