Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency platforms globally. Launched in 2017, BNB initially served as a utility token for trading fee discounts on the Binance platform, allowing users to save on transaction costs. As Binance expanded its ecosystem, BNB became increasingly versatile, enabling users to participate in token sales, pay for goods and services, and transact on various decentralized platforms. With its growing adoption and utility, BNB has solidified its position in the cryptocurrency market, appealing to both traders and investors looking for cost-effective and innovative solutions in digital finance.