BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. It was initially launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, Binance Chain.

BNB has multiple use cases within the Binance ecosystem. It can be used to pay for trading fees on the Binance exchange, participate in token sales on Binance Launchpad, and access various services and features within the Binance platform. Additionally, BNB holders can benefit from discounts on trading fees when using BNB to pay for transactions.

Binance also introduced Binance Smart Chain, a parallel blockchain that enables smart contract functionality and decentralized applications (dApps) while leveraging the BNB token for various purposes within the ecosystem. BNB has gained popularity and utility beyond the Binance platform, becoming a widely used cryptocurrency in the broader blockchain and decentralized finance (DeFi) space.

BNB's utility extends beyond the Binance ecosystem. It is widely accepted by various merchants and platforms as a form of payment. Additionally, BNB is used in decentralized finance (DeFi) applications, such as decentralized exchanges, lending platforms, and yield farming protocols.

As the Binance ecosystem continues to expand and innovate, the demand for BNB is expected to grow. Binance regularly introduces new features, products, and services that further enhance the utility and value of the BNB token. Overall, BNB plays a crucial role in the Binance ecosystem and the broader cryptocurrency industry.