BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency trading platforms. Launched in 2017, BNB was initially based on the Ethereum blockchain but later transitioned to its own Binance Smart Chain (BSC). BNB is used for various purposes, including paying trading fees, participating in token sales, and powering decentralized applications (dApps) on the BSC. With its growing ecosystem and increasing adoption, BNB has become one of the top cryptocurrencies by market capitalization.
