$BNB

Binance Coin ($BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB transitioned to Binance's own blockchain, Binance Chain, in 2019. $BNB serves multiple purposes within the Binance platform, such as paying for trading fees at a discount, participating in token sales on Binance Launchpad, and staking on Binance Smart Chain (BSC) for decentralized applications. Beyond the exchange, BNB has gained traction for use in various decentralized finance (DeFi) projects, making it a crucial asset in the crypto space.