$BNB BNB, or Binance Coin, is a cryptocurrency that is used to pay for transactions on the Binance cryptocurrency exchange. It can also be used for trading, staking, and governance. 

How it works

BNB was created in 2017 by Changpen Zhao, also known as CZ. 

It was initially an ERC-20 token on the Ethereum blockchain. 

In 2019, BNB moved to Binance's own blockchain, Binance Chain. 

In 2020, Binance launched Binance Smart Chain (BSC), a faster and cheaper blockchain that supports smart contracts and apps. 

Uses of BNB 

Paying for transactions on the Binance Exchange

Trading for other cryptocurrencies on various exchanges

Paying for crypto credit card bills on Crypto.com

Offering BNB as a means of payment for customers

Staking

Governance

Gas payments

Accessing discounted trading fees on Binance