$ETH

BNB (Binance Coin) is the native digital currency of the Binance platform, which is one of the largest cryptocurrency trading platforms in the world. It was launched in 2017 through an initial coin offering (ICO) on the Ethereum network, but later migrated to its own Binance Chain. BNB is used to pay trading fees on the platform with discounts, to participate in Binance Launchpad offerings, and for purchases across several supported platforms. It can also be used in decentralized finance (DeFi) and decentralized applications (DApps). BNB has a periodic burning mechanism to reduce supply and increase its value.