The Binance Coin (BNB) comes from the Binance exchange and is the native token of the Binance Chain and Binance Smart Chain.

The Binance Coin was first issued through an Initial Coin Offering (ICO) from June 26 to July 3, 2017, and was officially listed for trading on the Binance exchange 11 days later, with an issuance price of 1 Ether (ETH) equal to 2,700 Binance Coins (BNB) and 1 Bitcoin (BTC) equal to 20,000 Binance Coins.

Although Binance Coin was issued through an ICO, the investors in Binance Coin do not represent simultaneous investments in the Binance exchange. Furthermore, Binance Coin is not merely a cryptocurrency but plays an important role in the development of the entire Binance ecosystem.