$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, launched in 2017 by the Binance Exchange. Originally created as an ERC-20 token on Ethereum, BNB later migrated to Binance's own blockchain, Binance Chain. BNB is used to pay for trading fees on the Binance platform at discounted rates, making it highly functional for users. Beyond exchange use, BNB powers transactions on Binance Smart Chain (BSC), supporting decentralized applications (dApps), DeFi projects, and NFT platforms. The coin has a deflationary model through regular token burns, reducing supply and potentially increasing value. BNB's strong utility and integration across the Binance ecosystem have helped it become one of
BNB
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