$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges globally. BNB pairs, such as BNB/BTC or BNB/USDT, allow traders to exchange Binance Coin for other cryptocurrencies or stablecoins. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance Chain and then to Binance Smart Chain (now BNB Chain), enhancing its utility and scalability. BNB is used to pay for transaction fees on Binance platforms, participate in token sales, and power decentralized applications (dApps) within the BNB Chain ecosystem. Its value is influenced by Binance's growth, adoption of BNB Chain, and broader market trends. Traders often analyze BNB pairs for opportunities, leveraging its liquidity and integration into the Binance ecosystem. However, like all cryptocurrencies, BNB is subject to market volatility, requiring careful risk management.