BNB, beforehand often known as Binance Coin, is a cryptocurrency created and issued by Binance, the most important crypto trade by buying and selling quantity.

Binance Chain’s native coin, BNB, was initially created on the Ethereum blockchain in July 2017 and migrated to BNB Sensible Chain in February 2019. BNB can be utilized to pay for buying and selling charges on the crypto trade Binance at a reduced fee. Furthermore, BNB may also be used for varied funds, together with journey, bank card charges, items, and extra. Resulting from its use circumstances, BNB has seen vital development over the previous few years.

BNB is the fourth-largest cryptocurrency by market capitalization, and its price reached its all-time excessive of $711 on June 5, 2024.