$BNB BNB (Binance Coin) is a cryptocurrency created by Binance, one of the world’s largest cryptocurrency exchanges. Initially launched on the Ethereum blockchain as an ERC-20 token, BNB later migrated to Binance’s own blockchain, Binance Chain. BNB is used to pay for trading fees on the Binance exchange at a discount, participate in token sales, and access various DeFi applications. It also powers Binance Smart Chain (BSC), enabling smart contracts and decentralized applications (dApps). BNB has a deflationary model, where Binance regularly burns tokens to reduce supply. Over time, BNB has evolved from a utility token into a broad-based digital asset