$CFX BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Launched in 2017, BNB was originally created as an ERC-20 token on Ethereum but later migrated to Binance’s own blockchain, BNB Chain. BNB is used to pay trading fees on Binance with discounts, participate in token sales on Binance Launchpad, and access various DeFi services within the ecosystem. It also fuels transactions on the BNB Smart Chain. Binance conducts regular BNB burns to reduce total supply, aiming to increase scarcity and value. BNB is widely adopted and remains a top-tier digital asset.