Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. Originally launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB later migrated to its own blockchain, Binance Chain, in 2019. Here are some key features of BNB:

1. **Utility on the Binance Exchange**: BNB is used to pay for transaction fees on the Binance exchange, and users can receive discounts on trading fees when they pay with BNB.

2. **Binance Smart Chain (BSC)**: BNB is also the native token of Binance Smart Chain, a blockchain platform designed to support decentralized applications (dApps) and smart contracts. BSC is known for its faster transaction speeds and lower fees compared to Ethereum.

3. **Token Burns**: Binance regularly conducts "burns" of BNB, where a portion of the total supply is destroyed (removed from circulation). This helps reduce the supply over time and, theoretically, could increase the value of the remaining tokens.

4. **Staking and DeFi**: BNB can be staked on Binance and used in decentralized finance (DeFi) projects, especially those on the Binance Smart Chain.

5. **Use Cases**: BNB is used for a wide range of purposes within the Binance ecosystem, such as participating in token sales on Binance Launchpad, paying for transaction fees in decentralized applications, and even in various third-party platforms.

BNB has grown to become one of the largest cryptocurrencies by market capitalization, with its value closely tied to the success of the Binance exchange and Binance Smart Chain.#Crypto2025Trends