$BNB $BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world’s largest crypto exchanges. Initially launched as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, BNB Chain. $BNB is used to pay trading fees, participate in token sales, and access various services within the Binance platform. It also plays a vital role in decentralized finance (DeFi) applications and smart contracts. With regular coin burns to reduce supply, $BNB has become a deflationary asset, enhancing its value over time.