#TradingStrategyMistakes BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on Ethereum before migrating to Binance Chain. It powers the Binance exchange by offering trading fee discounts, participation in token sales, and more. BNB is also used for gas fees on BNB Smart Chain (BSC), which supports decentralized applications (dApps) and DeFi projects. With strong utility and ecosystem support, BNB has become one of the top cryptocurrencies by market capitalization. Its value is influenced by Binance’s growth, token burns, and broader crypto trends. BNB continues to evolve, playing a central role in Web3 adoption and blockchain innovation globally.