$BNB
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 on the Ethereum blockchain as an ERC-20 token, BNB later migrated to Binance’s own blockchain, Binance Chain. BNB is used to pay for trading fees on Binance at a discounted rate, participate in token sales, and perform transactions on the Binance Smart Chain (BSC). It also powers decentralized applications (dApps) and staking. With its multiple use cases and growing ecosystem, BNB remains a key player in the crypto market.
