$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, originally launched on the Ethereum blockchain and later migrated to Binance Smart Chain (BSC). It is primarily used to pay trading fees on Binance at discounted rates. BNB also powers various applications like DeFi platforms, games, and NFT marketplaces. It is a deflationary token, meaning a portion of BNB is regularly burned to reduce supply and support its value. As Binance grows, the demand for BNB continues to increase. BNB is also used for staking and investment purposes. However, investing in BNB involves market risks and should be done cautiously.