$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance platform, one of the largest crypto exchanges in the world. Originally launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB was later migrated to its own Binance Chain. The coin is used, among other things, to pay trading fees on Binance, offering users discounts. In addition, BNB serves as a means of payment in many partner networks, is utilized for DeFi applications, and plays a central role in the Binance Smart Chain ecosystem. An important aspect of BNB is the regular 'Burn', where coins are destroyed to reduce the total supply and stabilize or increase the value.