$BNB Binance Coin (BNB) is the cryptocurrency of the Binance exchange, one of the world's largest crypto trading platforms. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain before migrating to its own blockchain, Binance Chain. It's used for discounted trading fees on Binance, participating in token sales, and powering Binance Smart Chain applications. BNB also plays a role in Binance's DeFi and NFT ecosystem. Binance conducts quarterly coin burns to reduce supply, potentially increasing its value, according to Binance. 

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Binance Coin (BNB) Uses, Support, and Market Cap

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15-Nov-2023 — TL;DR * BNB, initially an Ethereum-based ERC-20 token, was created in 2017 to reduce trading fees on Binance and has since migrated to its own block...



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