$BTC

The BNB (Binance Coin) is the native digital currency of the Binance platform, which is considered 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 moved to its own Binance Chain network. BNB is used to pay trading fees on the platform at a discount, to participate in Binance Launchpad offerings, and for purchases across various supported platforms. It can also be used in decentralized finance (DeFi) and decentralized applications (DApps). BNB has a periodic burn mechanism to reduce supply and increase its value.