#FOMCMeeting BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched on Ethereum and later migrated to Binance Chain. It powers transactions on Binance Smart Chain (BSC), enabling low-fee, fast decentralized finance (DeFi) operations. BNB is used to pay trading fees on the Binance exchange at a discounted rate, participate in token sales, and access various decentralized applications (dApps). Binance conducts quarterly coin burns to reduce BNB’s total supply, increasing its scarcity and value. As one of the top cryptocurrencies by market cap, BNB plays a vital role in Binance's expansive crypto infrastructure, making it both a utility token and a long-term investment asset.