$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017 by the Binance exchange. Initially built on Ethereum (ERC-20), it later migrated to Binance’s own blockchain, Binance Chain. BNB is used to pay for transaction fees on Binance at a discounted rate, participate in token sales, and facilitate trading. It also powers the Binance Smart Chain (BSC), supporting decentralized applications (dApps) and smart contracts. BNB has utility in payments, travel bookings, and DeFi services. Binance conducts periodic coin burns to reduce supply and maintain value. Its price fluctuates based on demand, market trends, and Binance’s growth.