$BNB Binance Coin (BNB) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges globally. Launched in 2017, BNB initially operated on Ethereum's blockchain but later migrated to Binance Chain, a blockchain developed by Binance. BNB is versatile, offering discounts on trading fees, facilitating transactions, and participating in token sales on Binance Launchpad. It powers Binance Smart Chain (BSC), enabling decentralized applications (dApps) and smart contracts. BNB also supports staking, yield farming, and payments. Binance employs a quarterly coin-burning mechanism to reduce supply, boosting its value. BNB exemplifies innovation in the cryptocurrency ecosystem, fostering adoption and financial decentralization.