$BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest crypto exchanges in the world. Originally launched on Ethereum, BNB later moved to Binance’s own blockchain, BNB Chain. It is used for multiple purposes including trading fee discounts, token sales on Binance Launchpad, staking, and DeFi applications. BNB has a fixed supply and undergoes periodic burns to reduce circulation, which can support long-term value. It is also used in smart contracts, NFTs, and cross-chain operations. As Binance grows, BNB’s utility and demand continue to increase. However, its price is closely tied to Binance’s regulatory status and market reputation, making risk management essential for BNB investors and traders.