BNB (Binance Coin) is the native cryptocurrency of the Binance platform, one of the largest cryptocurrency exchanges in the world. It was created in 2017 and initially used for reducing trading fees on Binance. Over time, its utility expanded to include payment options, token sales, and transaction fees for Binance Smart Chain. BNB also supports decentralized applications (dApps) and smart contracts. With a limited supply of 200 million coins, its value has grown steadily. BNB's success is linked to Binance's growth and innovation in the crypto space, making it one of the most popular cryptocurrencies globally.
