$BNB BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but later migrated to Binance’s own blockchain, the Binance Chain. BNB serves multiple purposes within the Binance ecosystem, including trading fee discounts, payment for transactions, and participation in token sales on Binance Launchpad. It is also used in decentralized applications and DeFi platforms. Binance regularly conducts token burns, reducing the BNB supply to increase scarcity and value. As of now, BNB remains a popular cryptocurrency for traders and investors due to its utility and growing ecosystem.