$ETH BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest crypto exchanges. Initially launched on Ethereum as an ERC-20 token, it later migrated to Binance’s own blockchain, BNB Chain. BNB is widely used for transaction fees on Binance, offering discounts to users who pay with it. Beyond trading, BNB powers various applications, including DeFi, NFTs, and smart contracts. It also plays a crucial role in Binance Launchpad and Binance Pay. With a regular token burn mechanism reducing supply, BNB remains a key player in the crypto ecosystem, driving innovation and utility across multiple sectors.