#CryptoClarityAct BNB Coin (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the largest crypto platforms in the world. Originally launched in 2017 as an ERC-20 token on Ethereum, BNB later moved to Binance's own blockchain called BNB Chain (formerly Binance Smart Chain). BNB is used to pay for trading fees on Binance at discounted rates, participate in token sales, and more. It also powers smart contracts and decentralized apps (dApps). BNB has a limited supply, and Binance regularly burns (destroys) coins to reduce supply and increase value. It’s among the top cryptocurrencies by market capitalization.