$BNB (Binance Coin) is the native cryptocurrency of the Binance platform, one of the largest cryptocurrency exchanges in the world. Initially created on the Ethereum blockchain, BNB was later transferred to the Binance Smart Chain (now BNB Chain). The coin is used to pay for discounted transaction fees, participate in token sales, and operate within the Binance ecosystem. Additionally, it can be used for payments, travel bookings, and other services. BNB has gained prominence for its utility and growing adoption, but, like any crypto asset, it carries risks associated with volatility and the market.