$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges by trading volume. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB was later migrated to Binance’s own blockchain, Binance Chain, and now also plays a major role on BNB Smart Chain (BSC). BNB is used for a variety of functions including trading fee discounts, token sales on Binance Launchpad, and payments for goods and services. With its deflationary model—regular coin burns that reduce the total supply—BNB maintains long-term scarcity. Its wide utility and connection to the Binance brand make it a strong player in the crypto market.