$BNB BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Launched in 2017, it started out as an Ethereum-based coin before migrating to its own network, Binance Smart Chain. BNB is used in a variety of applications, including paying trading fees on the platform, participating in initial coin offerings (IEOs), and decentralized applications (dApps). It is also used as a means of obtaining discounts on fees. As Binance has grown in popularity, BNB has risen in value significantly, making it one of the largest cryptocurrencies by market cap.