Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges. Originally launched as an ERC-20 token on Ethereum, BNB later migrated to Binance's own blockchain, Binance Chain. It is used to pay for trading fees on Binance at discounted rates, participate in token sales on Binance Launchpad, and more. BNB also powers Binance Smart Chain (BSC), a popular blockchain for decentralized applications and DeFi projects. With its strong utility, fast transaction speed, and growing ecosystem, BNB has become one of the top cryptocurrencies globally, playing a key role in the crypto industry.
