# Binance Coin (BNB)

By [Untitled](https://paragraph.com/@0x86692fa4ddff9705e7b84b6dde669b7b29edf094) · 2023-08-29

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Binance Coin is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB is used for trading fee discounts on the Binance platform and plays a role in various Binance ecosystem projects.

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*Originally published on [Untitled](https://paragraph.com/@0x86692fa4ddff9705e7b84b6dde669b7b29edf094/binance-coin-bnb)*