#bnbcoin Binance Coin (BNB), launched in July 2017 by the Binance exchange, is the native cryptocurrency of the Binance ecosystem. Initially an ERC-20 token on Ethereum, it transitioned to the Binance Smart Chain (BSC) as a BEP-20 token in 2019. BNB started at $0.15 during its $15 million ICO, with a total supply of 200 million. Its uses include discounted trading fees, transaction payments on BSC, and more. Binance burns 20% of quarterly profits to reduce supply, enhancing value. BNB peaked at $755.56 in December 2024, with a market cap exceeding $87 billion by mid-2024.