Binance Coin (BNB) is a multi-functional cryptocurrency that powers the Binance ecosystem, supporting discounted trading fees, governance, and decentralised applications. Launched by Changpeng Zhao in 2017, BNB transitioned from the Ethereum blockchain to Binance’s own BNB Chain. BNB is integral to the Binance Smart Chain (BSC) and is used in payments, staking, DeFi, and NFTs. Regular coin burns and expanding real-world applications make BNB a key player in the blockchain world.
