$BNB BNB (formerly known as Binance Coin) is the native cryptocurrency of the Binance ecosystem. It was initially launched in 2017 on the Ethereum blockchain as an ERC-20 token but later migrated to Binance's own blockchain, Binance Chain.

Key uses of BNB:

Trading fees: You get discounts on trading fees when you pay with BNB on Binance.

Transaction fees: It’s used to pay fees on the Binance Smart Chain (BSC) for DeFi apps, games, and more.