BNB is the native cryptocurrency of the Binance exchange, used for trading fee discounts and various decentralized applications within the Binance ecosystem. As of Oct 22, 2026, it trades at $732.8283 with a market cap of $96.38B, ranking #4 among tracked cryptocurrencies.
Additionally, it plays a key role in the Binance Smart Chain, supporting smart contracts and decentralized finance (DeFi) applications. Source: CoinPaprika.com
What is the BNB token used for?
The BNB token is associated with building and executing smart contracts, exchange, monetization, trading & investing, delegated proof of stake, cryptocurrency, layer 1 (l1), centralized exchange (cex), and high transaction speed (tps), based on the tags CoinPaprika applies to BNB.
BNB history and key milestones
BNB started on Jul 15, 2017, CoinPaprika's price data for it begins on Jul 25, 2017, and it reached an all-time high of $1,370.98 on Oct 13, 2025.