$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency trading platforms globally. Launched in 2017, BNB was initially created as a utility token to facilitate trading fee discounts on Binance. Over time, its use has expanded significantly, now serving various purposes within the Binance ecosystem, including token sales on Binance Launchpad, transaction fees on Binance Smart Chain, and payments for goods and services.

BNB's value has surged, driven by Binance's growth and the increasing adoption of decentralized finance (DeFi) applications. The token's deflationary model, which includes regular coin burns to reduce supply, adds to its appeal. As the cryptocurrency market evolves, BNB remains a key player, attracting investors and users seeking opportunities within the digital asset space.