$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Initially launched as an ERC-20 token on Ethereum in 2017, BNB later migrated to Binance Chain. BNB is widely used for trading fee discounts on Binance, participating in token sales via Binance Launchpad, and paying for transaction fees on Binance Smart Chain (BSC). It also serves various DeFi, NFT, and payment applications. BNB has a quarterly burn mechanism to reduce supply, potentially increasing its value over time. Its growing adoption and utility make BNB a key player in the crypto market.