The coin pair $BNB typically refers to Binance Coin (BNB) being traded against another cryptocurrency or fiat currency on an exchange.

What is Binance Coin (BNB)?

- **Native Token**: BNB is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world.

- **Use Cases**: BNB can be used for a variety of purposes within the Binance ecosystem, including:

- **Trading Fee Discounts**: Users can pay trading fees on Binance with BNB and receive discounts.

- **Token Sales**: Users can participate in token sales on Binance Launchpad using BNB.

- **Staking and Earning**: Users can stake BNB to earn rewards or use it in various yield farming and lending protocols.

- **Blockchain**: BNB was originally an ERC-20 token on Ethereum but later transitioned to the Binance Smart Chain (BSC), where it supports various decentralized applications (DApps) and DeFi projects.

**Trading Pairs

- **Trading Pairs**: BNB can be traded against several cryptocurrencies, such as BTC (Bitcoin), ETH (Ethereum), and USDT (Tether), as well as against fiat currencies like USD, depending on the exchange.

**Market Movement

- As a widely used cryptocurrency, the trading performance of BNB can be influenced by factors such as overall market trends, Binance’s developments and initiatives, and adoption of the Binance Smart Chain.