#TradersLeague Bnb, or Binance Coin, is the native cryptocurrency of the Binance blockchain. Initially an ERC-20 token on Ethereum, it migrated to its own blockchain, Binance Smart Chain (BSC), in 2020. BNB serves multiple purposes within the Binance ecosystem. Users can utilize it to pay trading fees on the Binance exchange, often at a discounted rate. Beyond trading, BNB is crucial for staking to secure the network and participate in governance. It also powers various decentralized applications (dApps) and DeFi projects built on BSC, acting as gas for transactions. Its utility and the rapid growth of BSC have significantly contributed to BNB's prominence in the crypto market.