Binance Coin (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 transitioned to Binance's own blockchain, the Binance Chain. BNB is primarily used for transaction fees on the Binance exchange and Binance Smart Chain (BSC), as well as for various applications like staking, DeFi, and NFT marketplaces. Its versatility and connection to a thriving ecosystem make BNB a valuable asset within the crypto world.
