BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the world’s largest cryptocurrency platforms. Originally created as a utility token to pay for transaction fees on Binance, BNB has evolved to serve various purposes, including powering the Binance Smart Chain (BSC) ecosystem. BNB is used for transaction fees, token sales on Binance Launchpad, and even purchasing goods and services. Its utility and versatility have led to widespread adoption, making it one of the top cryptocurrencies by market capitalization. Binance continually works on expanding BNB’s use cases, enhancing its value and integration across various platforms and projects.
