$BNB
BNB
613.99
+0.28%
$BNB is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially an ERC-20 token, it now powers the BNB Chain, where it’s used to pay gas fees for transactions and smart contracts.
On the Binance exchange, $BNB grants users trading fee discounts.
Beyond trading, it fuels a wide ecosystem—from travel bookings to participation in Binance Launchpad token sales.
A key feature is the quarterly token burn: Binance uses 20% of its profits to buy back and permanently destroy BNB coins until the total supply drops from 200 million to 100 million, creating deflationary pressure.
This combination of utility, exchange integration, and scarcity underpins BNB’s role as one of the most widely used cryptocurrencies.