BNB, previously known as Binance Coin, is a cryptocurrency created and issued by Binance, the largest crypto exchange by trading volume.
Binance Chain’s native coin, BNB, was originally created on the Ethereum blockchain in July 2017 and migrated to BNB Smart Chain in February 2019. BNB can be used to pay for trading fees on the crypto exchange Binance at a discounted rate. Moreover, BNB can also be used for various payments, including travel, credit card fees, gifts, and more. Due to its use cases, BNB has seen significant growth over the past few years.
BNB is the fourth-largest cryptocurrency by market capitalization, and its price reached its all-time high of $711 on June 5, 2024.
