$BTC BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB is used to facilitate transactions on the Binance platform and provide a range of services to users.
### History and development of BNB
BNB was initially launched through an initial coin offering (ICO), where about $15 million was raised to fund the platform. BNB was primarily used to reduce fees on trading transactions on the Binance platform. Over time and under the influence of the platform's growth, the uses of BNB have expanded significantly.
