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BNB
BNB
#6
$708.12
-0.76%
24H
Low
$703.56
High
$714.28
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About BNB BNB
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.
BNB (BNB) Price Data
BNB (BNB) price has decreased today.
BNB price today is $708.12 with a 24-hours trading volume up by 68.59%. BNB price is down in the last 24 hours. It has a circulating supply is 145M BNB coins and a total supply of 145M.
What is the highest price for BNB?
The all-time high price of BNB is $785.72 on Dec 4, 2024.
What is the lowest price for BNB?
The all-time low price of BNB is $0.0398 on Oct 19, 2017.
Total Volume (24h)
$2,748,320,304
Market Cap
$103,319,860,820.74
Fully Diluted Val.
$103,307,178,943.93
CEX Volume (24h)
$450,512,895
DEX Volume (24h)
$94,609,721.41
Liquidity
$340,405,132.39
Circ. Supply
145,796,635
Total Supply
145,887,576
Rank
6
Core Actors
Top investors
Sequoia Capital
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