$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance exchange ecosystem. Created in 2017, BNB was initially used for discounted trading fees on the Binance platform. Its uses have expanded to include:
- Payment for transaction fees
- Trading pairs on Binance
- Participation in token sales on Binance Launchpad
- Payment for travel bookings, credit card fees, and more
BNB has a growing ecosystem, and its value is closely tied to the success of the Binance exchange. It's one of the top cryptocurrencies by market capitalization.