#ArbitrageTradingStrategy Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 on the Ethereum blockchain as an ERC-20 token and later migrated to Binance Chain. BNB is primarily used to pay trading fees on the Binance Exchange at a discounted rate, but its utility has expanded significantly. It powers the BNB Smart Chain (BSC), supporting decentralized applications (dApps), DeFi platforms, and token launches. BNB is also used for travel bookings, online shopping, and more through various partnerships. Binance regularly burns BNB tokens to reduce supply, aiming to increase scarcity and potentially enhance its value over time.