$BNB BNB, also known as Binance Coin, is a cryptocurrency token created and issued by the cryptocurrency exchange Binance. It was initially launched on the Ethereum blockchain as an ERC-20 token in July 2017, but later migrated to its own blockchain, the Binance Chain, in February 2019.

BNB serves several purposes within the Binance ecosystem:

* Trading Fees: BNB can be used to pay for trading fees on the Binance exchange, often at a discounted rate compared to other payment methods.

* Payment for Services: BNB can be used to pay for various services offered by Binance, such as listing fees for new tokens and margin trading fees.

* Staking and Yield Farming: BNB can be staked in various Binance products, such as Binance Savings and Launchpool, to earn rewards.

* Governance: BNB holders can participate in governance decisions on the Binance Chain and Binance Smart Chain through voting on proposals.

BNB has experienced significant growth in popularity and value since its launch, driven by its utility within the Binance ecosystem and its role in facilitating transactions on the Binance Chain and Binance Smart Chain.