$BNB BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem. It was launched in 2017 as an ERC-20 token and later migrated to Binance Chain and BNB Smart Chain. BNB is used to pay trading fees at discounted rates, participate in token launches, and cover transaction costs on BNB Smart Chain. It also supports decentralized applications, staking, and payments across many services. Binance conducts regular coin burns, reducing supply and aiming to increase scarcity over time. Because of its utility and wide adoption, BNB has become one of the most influential cryptocurrencies in the market. Investors often watch its performance as a reflection of broader exchange growth globally.