$BNB In late 2017, a new kind of token quietly entered the crypto market. Few could have predicted that Binance Coin (BNB), initially launched as a utility token for discounted trading fees, would go on to become a central pillar in one of the largest ecosystems in blockchain. Fast forward to 2025, and BNB isn’t just a token—it’s a multifaceted asset that drives entire infrastructures from exchanges to smart contracts and decentralized applications.