$ETH $ETH BNB stands for Binance Coin, which is a cryptocurrency created by Binance, one of the largest cryptocurrency exchanges in the world.

Here’s a quick breakdown:

Symbol: BNB

Launched: 2017

Original Purpose: It was initially created to be used for discounted trading fees on Binance.

Now Used For:

Paying fees on Binance (trading, listing, etc.)

Transactions on Binance Smart Chain (BSC), now known as BNB Chain