$BNB BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. The coin was founded in 2017 with the aim of facilitating operations within the platform, such as reducing trading fees and supporting decentralized finance (DeFi) projects.
Over time, BNB has evolved into more than just a trading currency, as it is now used in multiple areas such as electronic payment, travel booking, and the development of decentralized applications via the BNB Smart Chain network.
Its most prominent features include: fast transactions, low fees, and support for a global community. With the periodic burning mechanism, its total supply is reduced, which increases its scarcity and value over time.