$BNB Binance Coin ($BNB) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. Initially launched as an ERC-20 token on Ethereum, it later migrated to Binance Chain. $BNB is used for discounts on trading fees, token sales, and payments within the Binance ecosystem. It also powers Binance Smart Chain (BSC), enabling decentralized applications (dApps) and smart contracts. Binance conducts periodic burns to reduce supply and maintain value. Beyond Binance, $BNB is accepted for payments, travel bookings, and financial services. Its value depends on the growth of Binance, trends in the cryptocurrency market, and regulatory developments affecting the exchange.