$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the world's largest cryptocurrency platforms. Initially launched as an ERC-20 token, BNB migrated to Binance’s own blockchain, Binance Chain, in 2019. BNB is used for various purposes within the Binance ecosystem, including paying for trading fees, participating in token sales on Binance Launchpad, and engaging in decentralized finance (DeFi) activities. It also serves as a utility token for Binance’s decentralized exchange (DEX) and for staking on Binance’s platform. BNB has gained popularity due to its utility, with numerous use cases expanding across different sectors of the crypto space.