BNB (Binance Coin) is the native currency of the Binance platform, the largest cryptocurrency exchange in the world by trading volume. It was launched in 2017 as a token on the Ethereum network, and later migrated to the BNB Chain, which is an independent and fast blockchain supported by Binance.
🔹 Key uses of BNB:
Paying trading fees on the Binance platform with discounts.
Gas fees on the BNB Smart Chain.
Participating in new projects via the Binance Launchpad.
Multiple uses in travel, shopping, gaming, and more.
🔹 Latest developments: In July 2025, interest in BNB surged following updates to the BNB Chain that focused on reducing fees and increasing transaction speeds. There was also widespread use of the currency in smart contracts, decentralized projects (DeFi), and NFTs.
BNB is considered one of the most stable and reliable currencies in the market, due to strong support from Binance and periodic burn plans that reduce supply and contribute to price support.