$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance platform, the largest cryptocurrency exchange in the world. It was launched in 2017 on the Ethereum network, then migrated to its own BNB Smart Chain. BNB is used to pay trading fees on the platform with discounts, and it is also used in applications such as decentralized finance (DeFi), gaming, smart contracts, and purchasing NFTs. Binance periodically burns a portion of BNB to reduce supply and increase value. BNB is one of the strongest cryptocurrencies in terms of market capitalization and trust, and it is a cornerstone of the expanding Binance ecosystem.