$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange. Initially launched as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, BNB Chain. BNB is used for various purposes including trading fee discounts, transaction fees, staking, DeFi projects, and NFT purchases. One of its key features is the quarterly token burn mechanism, which reduces the circulating supply over time and helps support its value. The price and demand of BNB are closely tied to the growth and usage of the Binance ecosystem. It remains one of the top cryptocurrencies in the global market.