$BNB $BNB is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency platforms in the world. Originally launched as an ERC-20 token on Ethereum, BNB later migrated to Binance's own blockchain, Binance Chain. BNB is used for a variety of purposes within the Binance ecosystem, such as paying for transaction fees, participating in token sales on Binance Launchpad, and accessing various services. Additionally, Binance regularly conducts "burns" of BNB, reducing the total supply over time to increase scarcity and potential value.