$BNB Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange trading under the symbol BNB.

Initially launched as an ERC-20 token on the Ethereum blockchain in July 2017, BNB was later migrated to the Binance Smart Chain in 2019, where it became the native token.

BNB is primarily used to pay for transaction fees on the Binance exchange often at a discounted rate, and for various other purposes within and outside the Binance ecosystem.

Key details about BNB include:

Utility: BNB can be used to pay for trading fees on Binance participate in token sales on Binance Launchpad and make payments in various sectors such as travel entertainment and online services.

It also serves as the governance token for BNB Chain (the unified branding for Binance Chain and Binance Smart Chain).

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