$BNB BNB (Binance Coin) is a cryptocurrency issued by Binance, one of the largest cryptocurrency exchanges in the world. Initially, BNB was used as a utility token on the Binance platform to pay transaction fees and receive discounts on trading fees. However, over time, BNB has evolved into a digital asset used for various purposes, including payments at various merchants that have integrated with Binance Pay. Additionally, BNB is also used in the Binance Smart Chain (BSC) ecosystem to pay transaction fees and run smart contracts. Binance regularly conducts BNB token burns to reduce the total supply and increase the token's value. With increasing adoption and a growing ecosystem, BNB has become one of the leading cryptocurrencies in the market. BNB offers fast transaction speeds and low fees, making it popular among users and developers.