BNB
BNB
BNB
BTC Price Now
$589.94 USD
-2.34%
Date of Issue: 25.07.2017
Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges... More

(BNB) Binance Live Price Data

The live Binance (BNB) price is $589.94, with a 24 hours CoinTide trading volume of 369.55K. The price of Binance changed by -2.34% in the past 24 hours. With a circulating supply of 147,584,852 BNB and a maximum supply of 147,584,852 BNB coins. Binance currently ranks #4 in market cap. You have the option to purchase Binance (BNB) on the CoinTide exchange.

Market Price 24h % 24h High 24h Low 24h Volume
BNB/USDT BNB /USDT $589.936 -2.34% 610.406 584.727 363495.055 Trade

About Binance Coin (BNB)

Binance Coin (BNB) stands as a pivotal asset in the crypto world, issued by one of the leading cryptocurrency exchanges, Binance. Initially running on the Ethereum blockchain, BNB later transitioned to its own blockchain, Binance Chain. BNB serves multiple purposes, including fee discounts on the Binance exchange, participation in token sales, and fueling transactions on the Binance Smart Chain. Acquiring BNB on CoinTide is a streamlined process. Simply create your account, fulfill the identity verification, deposit your funds, and step into trading. For comprehensive guidance, refer to our detailed guide on How to Buy Binance Coin (BNB).

 

What is Binance Coin (BNB)?

Binance Coin (BNB) operates as a native cryptocurrency for the Binance ecosystem. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance Chain, becoming the primary asset for various functionalities within the Binance ecosystem. With the advent of the Binance Smart Chain, BNB has further extended its utility, serving as a gas fee for transactions and smart contract execution.

 

Who Created Binance Coin (BNB)?

Binance Coin (BNB) was conceptualized and launched by Binance, one of the largest cryptocurrency exchanges globally. Founded by Changpeng Zhao (CZ), Binance introduced BNB as a utility token to power its platform and ecosystem. Since its inception, Binance has continuously expanded the use cases and functionalities of BNB, making it an integral part of the crypto exchange landscape.

 

Evolution of Binance Coin (BNB)

The evolution of Binance Coin (BNB) mirrors the rapid growth and innovation within the Binance ecosystem. Initially launched as a simple utility token for fee discounts on the Binance exchange, BNB has evolved into a multifaceted asset with significant utility. The introduction of Binance Chain and later, the Binance Smart Chain, expanded the use cases of BNB, propelling it beyond being just an exchange token to a fundamental component of decentralized finance (DeFi) and the broader crypto economy.

 

Binance Smart Chain and BEP-20 Tokens

The introduction of the Binance Smart Chain (BSC) brought forth a new era of possibilities for Binance Coin (BNB) and the broader crypto ecosystem. BSC, compatible with Ethereum Virtual Machine (EVM), enables seamless interoperability with Ethereum-based applications while offering faster and cheaper transactions. One of the key innovations on BSC is the creation of BEP-20 tokens, which are analogous to Ethereum's ERC-20 tokens. BEP-20 tokens leverage BSC's infrastructure, providing developers and users with a versatile platform for creating and exchanging digital assets, participating in decentralized finance (DeFi), and engaging in various other blockchain-powered activities.

 

Binance Coin (BNB) Tokenomics

The tokenomics of Binance Coin (BNB) are intricately designed to fuel the Binance ecosystem and incentivize its usage. BNB serves as a utility token for various purposes, including transaction fee discounts, participation in token sales, governance, and staking rewards. Additionally, the introduction of BEP-20 tokens on the Binance Smart Chain has further enhanced the utility and demand for BNB, as it serves as the primary asset for powering transactions and smart contract interactions within the Binance ecosystem.

 

Binance Coin (BNB) Supply Dynamics

The total supply of Binance Coin (BNB) is capped at 200 million tokens. However, Binance periodically conducts token burns, reducing the circulating supply and increasing the scarcity of BNB. The introduction of BEP-20 tokens on the Binance Smart Chain has further diversified the token supply dynamics within the Binance ecosystem, enabling the creation and circulation of various digital assets. As BNB continues to play a pivotal role in powering transactions and governance within the Binance ecosystem, its supply dynamics remain an essential aspect of its value proposition.

 

Binance Coin (BNB) Highlights

  • Ecosystem Backbone: BNB is the backbone of the Binance ecosystem, powering transactions, fee discounts, and token launches on Binance Launchpad.
  • Binance Smart Chain: BNB's integration with Binance Smart Chain enables fast, low-cost transactions and supports a thriving ecosystem of decentralized applications (DApps) and BEP-20 tokens.
  • Token Burns: Regular token burns reduce BNB's supply, enhancing its scarcity and potential for long-term value appreciation.
  • Versatile Utility: BNB's utility extends beyond trading, finding applications in DeFi, gaming, NFTs, and more, driving innovation and adoption across diverse sectors.
  • Community Engagement: With an active and engaged community, BNB benefits from grassroots support and collaboration, shaping its ecosystem's growth and development.
  • Global Recognition: As one of the top cryptocurrencies, BNB enjoys global recognition and serves as a benchmark for the broader crypto market, attracting investors and institutions worldwide.

Binance Coin (BNB) epitomizes innovation, utility, and community-driven growth, paving the way for decentralized finance and blockchain innovation.

Fear & Greed Index

Chart 0 50 100 74 Greed

Trade

BNB
Estimated --USD
Trade BNB
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    BVM BVM
    0.8701
    -3.32%
  • COMAI
    COMAI CommuneAI
    0.3748
    -15.15%
  • BYTE
    BYTE Byte
    0.000018811
    -17.57%
  • SVPN
    SVPN ShadowNode
    0.00487
    -8.06%
  • NXRA
    NXRA Nexera
    0.0876
    -8.18%
  • SPURDO
    SPURDO Spurdo
    0.01984
    +15.35%
  • ISHI
    ISHI Ishi
    0.000002289
    +4.09%
  • BASEDAI
    BASEDAI BasedAI
    4.1497
    +3.48%
  • AID
    AID ArtificialAID
    1.6367
    +2.58%
  • PEPECOIN
    PEPECOIN PepeCoin
    3.28
    +1.78%
  • XRP
    XRP Ripple
    0.4978
    +0.59%
  • ISHI
    ISHI Ishi
    0.000002289
    +4.09%
  • FLT
    FLT Fluence
    0.4552
    -9.44%
  • SPURDO
    SPURDO Spurdo
    0.01984
    +15.35%
  • BYTE
    BYTE Byte
    0.000018811
    -17.57%
  • RCH
    RCH Rch
    1.31117
    -8.27%
  • NPC
    NPC NonPlayableCoin
    0.01742
    -15.93%

BNB to local currency

  • 1 BNB to USD
    598.534
  • 1 BNB to EUR
    557.763
  • 1 BNB to AUD
    904.680
  • 1 BNB to KRW
    826,301.298
  • 1 BNB to JPY
    94,356.338
  • 1 BNB to GBP
    471.076
  • 1 BNB to INR
    49,995.402
  • 1 BNB to CAD
    821.491
  • 1 BNB to RUB
    54,125.303
  • 1 BNB to AMD
    231,021.164

BNB to crypto currency

  • 1 BNB to BTC
    0.0091008960
  • 1 BNB to ETH
    0.1718672000
  • 1 BNB to USDT
    598.795
  • 1 BNB to CNT
    0.000
  • 1 BNB to SOL
    4.271
  • 1 BNB to XRP
    1,196.509
  • 1 BNB to ADA
    1,547.776
  • 1 BNB to TRX
    5,148.466
  • 1 BNB to LTC
    7.921
  • 1 BNB to DOGE
    4,674.252