$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency trading platforms globally. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB migrated to Binance’s own blockchain, Binance Chain, in 2019. BNB serves multiple functions, including paying for transaction fees on Binance, staking, and participating in token sales on Binance Launchpad. It also powers decentralized applications (dApps) on Binance Smart Chain (BSC). BNB has a deflationary mechanism, with Binance regularly burning tokens to reduce the supply. It is widely used across the Binance ecosystem and beyond, making it a valuable utility token.