$BNB
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, Binance Chain. BNB was originally used for trading fee discounts on Binance, but its use has expanded to payments, DeFi, NFTs, and smart contracts on BNB Smart Chain (BSC). It also plays a role in Binance Launchpad, token burns, and transaction fees. Due to Binance’s global influence, BNB remains one of the top cryptocurrencies by market capitalization. However, Binance and BNB have faced regulatory scrutiny, impacting their market dynamics. Despite challenges, BNB continues to be widely used in the crypto ecosystem.
