$TRX BNB Binance Coin is the native cryptocurrency of the Binance exchange one of the largest crypto trading platforms in the world Initially launched as an ERC20 token on the Ethereum blockchain BNB later migrated to its own blockchain Binance Chain It is used to pay trading fees on Binance at a discounted rate and supports various transactions within the Binance ecosystem including Binance Smart Chain BSC which enables smart contracts and decentralized applications dApps

BNB has multiple use cases such as staking payments travel bookings and participation in token sales on Binance Launchpad Its demand is driven by its utility and Binances strong presence in the crypto market Binance also uses a portion of its profits to regularly burn BNB reducing its total supply and potentially increasing its value over time

As the crypto industry evolves BNB continues to play a significant role especially in DeFi NFTs and Web3 innovations making it a major asset in the digital economy