Binance Coin (BNB) is a cryptocurrency that is the native token of the Binance ecosystem. Binance is one of the world’s largest and most popular cryptocurrency exchanges, and Binance Coin was created to help facilitate transactions on the platform. It serves as a medium of exchange, a utility token and also a store of value, it can be used to pay for trading fees on the Binance exchange, participating in token sales on Binance Launchpad, and also as a form of payment for goods and services. Binance Coin has been growing in popularity and value as Binance, the exchange behind it, continues to expand its services and offerings.