$BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance’s own blockchain, Binance Chain and Binance Smart Chain (BSC).
BNB is used for multiple purposes, including trading fee discounts on Binance, participation in token sales, and payments for goods and services. It also plays a key role in Binance’s decentralized finance (DeFi) ecosystem, supporting staking, liquidity pools, and smart contracts. With a strong utility and frequent token burns to reduce supply, BNB remains a significant asset in the crypto space.
