$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. #bnb