BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Originally created as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, Binance Chain. BNB is widely used for paying transaction fees on Binance Exchange, where users receive discounts when using it. Beyond trading fee reductions, BNB powers Binance Smart Chain (BSC), enabling decentralized finance (DeFi) projects, NFTs, and smart contracts. It also supports staking, token sales, and payments with global partners. With limited supply and quarterly token burns, BNB maintains scarcity, strengthening its value proposition as a utility token and investment asset.
