$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on Ethereum before migrating to Binance Chain. BNB powers various functions within Binance, including trading fee discounts, token sales, and DeFi applications on Binance Smart Chain (BSC). It also supports NFT platforms, staking, and cross-chain compatibility. With a capped supply of 200 million tokens, Binance conducts regular coin burns to reduce circulation and increase scarcity. BNB has become one of the top cryptocurrencies by market cap, reflecting its strong utility, broad adoption, and central role in the Binance ecosystem’s growth.