Binance Coin (BNB) is the native cryptocurrency of the Binance exchange and the Binance Smart Chain. Originally launched to offer trading fee discounts, BNB has grown in utility, being used for transactions on BSC, payments, and even as governance for the network. Its regular token burns reduce supply, potentially increasing scarcity. BNB’s integration into Binance’s ecosystem and various DeFi platforms makes it a key player in the crypto space, though its value can be affected by market volatility.
