BNB BNB
Rank #4 by market cap
Last 7 days
▼0.20%What BNB is
BNB was launched by the crypto exchange Binance in 2017, initially as a token giving traders a discount on trading fees. It has since become the native asset of BNB Chain, Binance's own blockchain, where it pays transaction fees in the same way ETH does on Ethereum.
Supply falls over time. Binance periodically destroys BNB through a burn mechanism tied to network activity, with a stated goal of reducing the total supply substantially from its original issuance.
What makes BNB unusual is how tightly it is bound to a single company. Its value reflects Binance's trading volume, its ecosystem and its continued operation, which makes it closer to a corporate proxy than a neutral protocol asset. That exposure runs both ways: Binance's 2023 settlement with US authorities, which included a guilty plea and the departure of its founder as CEO, is the kind of event that affects BNB in a way it would not affect a chain with no company behind it.
Where BNB lives
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by the data source, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
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BNB data synced 13m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell BNB.