# BNB (Binance Coin) About a Great Article
## Introduction
BNB, known as Binance Coin, is a cryptocurrency used for trading and fee payments on the Binance cryptocurrency exchange. It also powers the BNB Chain ecosystem, making it one of the most popular utility tokens in the world. BNB is used in various applications, such as discounts on trading fees, gas fees on BNB Chain, staking, DeFi protocols, and much more. This token forms the foundation of the Binance ecosystem and provides numerous benefits to users.
## History
BNB was launched in 2017 through an Initial Coin Offering (ICO). The ICO ran from June 26 to July 3, 2017, where 2,700 BNB were given in exchange for 1 ETH or 20,000 BNB for 1 BTC. Initially, it was an ERC-20 token on Ethereum, but later migrated to BNB Chain (formerly Binance Smart Chain). In 2017, its initial price was very low (around $0.10), but it grew rapidly with the success of the Binance exchange. During the 2021 bull market, it reached $690, and in 2025-2026, it hit new highs, with an ATH of $1,221.20 USD. BNB's growth is tied to Binance's burn mechanism, where tokens are regularly burned to reduce supply and increase value.
## Uses and Benefits
BNB has many uses:
- On Binance Exchange: Up to 25% discount on trading fees.
- On BNB Chain: As gas fees, where transaction costs are very low.
- DeFi and Web3: For staking, yield farming, NFTs, and buying new tokens on Launchpad.
- Others: Payments, travel bookings, and various partnerships.
This token strengthens the Binance ecosystem and provides users with low-cost blockchain services.
## Current Status and Latest Updates
As of January 2026, BNB's current price is approximately $900.46 USD, with a market cap of $124.02 billion USD, and a 24-hour trading volume of $1.86 billion USD. In recent months, BNB has shown strong performance, reaching above $1,100 at the end of 2025. In the latest news, BNB is rebounding along with Bitcoin and other cryptos, and its price is attempting to break the $928 resistance. The growing adoption of BNB Chain, such as new holders (279 million) and increased trading volume, makes it stronger.
## BNB Price Chart (Last 1 Year)
## BNB Recent Price Trend Chart (2024-2025)
## Future Possibilities
In 2026, BNB's price could reach between $1,100 and $1,240 if adoption and market sentiment remain strong. However, the crypto market is volatile, so research before investing. BNB's future depends on the growth of the Binance ecosystem, which is continuously adding new features.
