$BNB Binance Coin (BNB) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance’s own blockchain, Binance Chain. BNB plays a crucial role in the Binance ecosystem, offering various utilities such as reducing trading fees, participating in token sales on Binance Launchpad, and facilitating transactions on Binance Smart Chain (BSC).

BNB has gained significant adoption beyond Binance, being used for payments, travel bookings, and DeFi applications. Its deflationary model, through periodic coin burns, reduces supply over time, potentially increasing value. With its strong utility and backing by Binance, BNB remains one of the top cryptocurrencies by market capitalization.