$BNB BNB: Binance’s Native Cryptocurrency

BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Launched in 2017, BNB was initially created as an ERC-20 token on Ethereum but later migrated to Binance’s own blockchain, Binance Chain. BNB is widely used to pay trading fees on Binance, offering users significant discounts. Beyond the exchange, BNB powers transactions, DeFi applications, and NFT marketplaces within the Binance ecosystem. Its utility and growing adoption have made BNB one of the top cryptocurrencies by market capitalization. Binance regularly conducts coin burns to reduce supply, increasing BNB’s scarcity and value.