$BNB Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance Chain and now operates on Binance Smart Chain (BSC).

BNB has multiple use cases within the Binance ecosystem. It is used to pay transaction fees, offering users discounts on trading fees when paid in BNB. Additionally, BNB powers the Binance Smart Chain, enabling decentralized applications (DApps), token exchanges, and smart contracts.

Beyond the Binance ecosystem, BNB is used for travel bookings, shopping, and payments across various platforms. Its limited supply (200 million tokens, with periodic destructions reducing the total) and growing utility contribute to its value. However, like any cryptocurrency, the price of BNB is subject to market volatility.