BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. Launched in 2017, it was initially used to get trading fee discounts on the Binance exchange. Over time, BNB's utility has grown — it's now used for paying fees, joining Binance Launchpad, making payments via Binance Pay, and more. It powers the BNB Smart Chain (BSC), enabling fast and low-cost transactions in DeFi and NFTs. BNB also supports the SAFU fund, adding extra user protection. With continuous development like BNB Greenfield and auto-burn mechanisms, BNB has become a vital part of the crypto world.
