$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. It is used to pay for trading fees on Binance at discounted rates, participate in token sales, and more. BNB also powers DeFi applications, NFT platforms, and smart contracts. Over time, Binance conducts regular “burns” to reduce the total supply, increasing scarcity. As a utility token with wide usage and strong backing, BNB remains a top cryptocurrency by market cap and adoption.