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Cryptocurrencies/Coins/Binance Coin (BNB)
Binance Coin price, market cap on Coin360 heatmap

Binance Coin(BNB)

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$589.401
(1.97%)
0.00834455 BTC
Market Cap (Rank#4)
$88,128,070,198
1,247,690 BTC
Vol 24h
$953,848,689
13,504 BTC
Circulating Supply
149,521,480.52
Max Supply
200,000,000
19h agonulltx
Algotech aims to enter top 20 cryptos amid Polygon facing challenges, while BNB targets $600
The cryptocurrency sector is fueled by competition and innovation. New competitors always fight for market share, and established players must continuously hold their ground. Two stories are drawing attention this week: Algotech (ALGT), which is trying to rank among the top 20 cryptocurrencies, and Polygon (MATIC) and Binance Coin (BNB), […]
7 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (March 21) – BNB Loses Steam After Rallying 220% In Five Months, Now Under Retracement
After exploding massively near its all-time high, BNB halted the rally and started to fade out. It broke down this week and lost about 10% of its valuation. Despite the reductions, the trend remains bullish weekly. Last Saturday, BNB reached a local peak of $643 after doubling its price in […]
13 days agonulltx
Binance Coin (BNB) Surges 86% In One Month, Nears All-Time High
In the realm of cryptocurrency, Binance Coin (BNB) has been making waves, experiencing a remarkable surge of over 86% in the past month. With its recent climb to $631, BNB is inching closer to reclaiming its previous all-time high of $690, demonstrating its resilience and bullish momentum in the market. […]
13 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (March 14) – BNB Explodes 45%, Recovers Fully From Dip As Its Nears All-Time High
Following recent liquidity flows into large-caps altcoins, BNB’s valuation continued to increase and reached a new milestone yesterday. It saw the most gains amongst the top 5 coins in the last 7 days.  BNB’s performance has been exciting since the price climbed above the $300 mark in February. After that, […]
13 days agocoindesk
Protocol Village: BNB Chain Unveils 'Rollup-as-a-Service,' to Spur Layer 2s Built on BSC
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 14-March 20.
14 days agonulltx
Algotech’s Presale Sparks Interest Among Crypto Enthusiasts as BNB and GALA Show Strong Performance
Bitcoin (BTC) has been recording new highs, and with its uptick, established coins such as BNB and GALA have been some of the top gainers. However, despite their stellar performance, Algotech (ALGT), a new presale token, is taking all the credit as the crypto with the most potential growth. Can […]
19 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (March 9) – BNB Posts 15% Weekly Gains Following Latest Surge In Volume, Targets $500 Next
Binance Coin, BNB advanced higher this week following a notable surge in volume. It appeared super bullish on the daily graph and is currently up by 50% monthly following a consistent volume inflow in the past weeks. BNB’s performance has been highly impressive over the past six months, although it […]
28 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (February 28) – BNB Takes Break After Testing $400, More Surge Underways
BNB started this month positively and increased by over 30% to reach a 22-month high on Monday. Since then, it paused buying pressure but it seemed to be footing another increase on the lower timeframe. The latest increase in BNB’s price was majorly footed by the established $290 support in […]
34 days agocoindesk
BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries
BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal's upcoming airdrop, Arkham Intelligence noted.
36 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (February 20) – BNB Faces Multiple Rejections After Reaching A New Milestone, Potential Retracement
BNB appeared a bit weak on the intraday trading following multiple rejections in the past few days. However, its bullish trajectory remains intact as it may resume buying once it finds a key level for a rebound. After establishing base support above $290 last month, BNB initiated a surge and […]
38 days agocoindesk
Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Looks to Invest in Stablecoin Finance
Y Combinator (YC), the Silicon Valley incubator, has listed stablecoin finance as a category in its new and updated list of areas it would like to deploy funds in.
44 days agonulltx
BINANCE COIN PRICE ANALYSIS & PREDICTION (February 12) – BNB Aims To Retest This Resistance After A Breakout, Potential Rebound Ahead?
BNB advanced higher last week and broke through a crucial resistance line. It faced resistance and pulled back a little. It is currently in red after losing 3% in the past hours. In late January, BNB established base support above the $290 level and started to recover. After closing above […]
44 days agonulltx
Presale stage 4 nearly sold out – Solana (SOL) and Binance Coin (BNB) trends show capital continuing to move into Presale Pushd (PUSHD)
Pushd (PUSHD) is getting attention in the digital currency world as it enters its fourth presale’s final phase. Influenced by trends in Solana (SOL) and Binance Coin (BNB), Pushd (PUSHD) stands out for its commitment to addressing common issues in online shopping. By focusing on decentralization, the project aims to […]
50 days agocryptodaily
Problem solving Kelexo (KLXO) is crypto's solution to lending says Ethereum Classic (ETC) & BNB (BNB) holders as they rush to buy in early
Crypto investors are all about searching for the next gem that could boost their portfolio values to high heavens—and in 2024,
50 days agocryptodaily
Experts Explain Why Solana (SOL) Looks Dangerous in February While DeeStream (DST) Presale and Binance Coin (BNB) Looks Tempting
Due to the current slow state of the DeFi market, some of the best DeFi cryptos, like Solana (SOL), are demonstrating bearish momentum. Solana (SOL) is declining in value, and experts predict the trend to continue into February
51 day agocryptopotato
Lista DAO Unveils Cosmic Adventure Challenge and Rebrand in Strategic Push
[PRESS RELEASE – Singapore, Singapore, February 6th, 2024] Lista DAO, a key player in Decentralized Finance (DeFi) with a specialization in Collateralized Debt Position (CDP) and Liquid Staking, is set to captivate the cryptocurrency community through the unveiling of its Cosmic Adventure Challenge (CAC) and the introduction of lisBNB. The CAC promises an immersive and […]
51 day agocryptopotato
Binance Coin (BNB) Recovers With Exchange Share, Shiba Inu (SHIB) and KangaMoon (KANG) Plan Market Expansion
Two months after Binance faced the biggest settlement in crypto history, the exchange’s market share has begun to recover. Along with this impressive trend, the price of Binance Coin (BNB), one of the top altcoins, has also been on a recovery path. In other exciting news, Shiba Inu (SHIB) has unveiled plans to expand its […]
52 days agocryptodaily
Kaspa (KAS) investors are loving DeeStream (DST) as presale sets sail! Meanwhile BNB (BNB) future looks worrying to investors
Kaspa (KAS) holders are rolling their profits into the DeeStream (DST) presale, no doubt tantalized by the potential that the first decentralized
54 days agocryptodaily
Ethereum (ETH) Paves the Way, Binance Coin (BNB) Confronts Hurdles, and Kelexo (KLXO) Reshapes Online Lending
Ethereum (ETH) is the protocol that pioneered smart contracts. Since Ethereum (ETH) was designed for faster transactions and seamless processes, it is no wonder the token is significant to the history of cryptocurrency. Ethereum (ETH) is the second most powerful token after Bitcoin.
54 days agocryptopotato
Crypto Price Analysis Feb-2: ETH, XRP, ADA, SOL, and BNB
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism […]
56 days agocryptopotato
Bracket Labs Expands Cross-Chain to Deliver Volatility Trading Product, Passage, to BNB Chain’s 1+ Million Users
[PRESS RELEASE – Panama City, Panama, February 1st, 2024] Integration Comes on the Heels of $2 Million Investment Led By Binance Labs Bracket Labs, a leader in on-chain volatility trading, announces the integration of its trading product, Passage, with BNB Chain, expanding Bracket’s simple, one-click trading platform to the most active trading blockchain in Decentralized […]
56 days agocryptodaily
Bracket Labs Expands Cross-Chain to Deliver Volatility Trading Product, Passage, to BNB Chain’s 1+ Million Users
Bracket Labs Expands Cross-Chain to Deliver Volatility Trading Product, Passage, to BNB Chain’s 1+ Million Users
56 days agocryptopotato
BNB Chain Releases 2024 Outlook; Announces “One BNB” Paradigm
[PRESS RELEASE – Dubai, UAE, January 31st, 2024] The BNB Chain 2024 outlook introduces the “One BNB” concept, a multi-chain paradigm that interconnects BNB Smart Chain (BSC), opBNB, and Greenfield The outlook targets the onboarding of more high frequency DeFi, Artificial Intelligence (AI), DePIN, and fully on-chain games to achieve mass adoption opBNB will build ‘opBNB […]
59 days agocryptodaily
Crypto Showdown: BNB (BNB), Pullix (PLX), and Celestia (TIA) - Experts Predict Explosive Price Surges in Q1 2024
The DeFi market is growing, and traders are looking at tokens that may dominate 2024. In this environment, market analysts have placed special attention on BNB (BNB), Pullix (PLX), and Celestia (TIA).

About Binance Coin?

The live price of Binance Coin (BNB) today is 589.401 USD, and with the current circulating supply of Binance Coin at 149,521,480.52 BNB, its market capitalization stands at 88,128,070,198 USD. In the last 24 hours BNB price has moved ? USD or 0.00% while ? USD worth of BNB has been traded on various exchanges. The current valuation of BNB puts it at #4 in cryptocurrency rankings based on market capitalization.

Learn more about the Binance Coin blockchain network and how it works or follow the price of its native cryptocurrency BNB and the broader market with our unique COIN360 cryptocurrency heatmap.

Short for ‘Build and Build’, BNB, formerly known as Binance Coin, is the native cryptocurrency of the Binance ecosystem. Launched in mid-2017 through an ICO (Initial Coin Offering) valuing each token at $0.15, BNB was used to raise funds for the marketing and development of the Binance cryptocurrency exchange. The ICO was a major success, raising around $15 million by selling 100 million BNB tokens to the public.  

Today, Binance Coin (now BNB) facilitates discounted crypto trading on Binance alongside giving holders access to the exchange's launchpad and various other products and services. Whilst Binance Coins were initially released as ERC-20 tokens on the Ethereum blockchain, they were swapped in 2019 to BNB coins on the Binance Chain, which has since merged with the Binance Smart Chain (BSC) to form the BNB Chain.

2020 marks the introduction of the Binance Smart Chain (BSC), a parallel blockchain to Binance Chain, designed to enable smart contracts and compatible with Ethereum's Virtual Machine (EVM), thus significantly expanding BNB's use cases, especially in DeFi and dApps.

Notably, BNB had an initial maximum supply of 200 million coins, but this has been periodically reduced through coin burns, aiming eventually to reduce the supply to 100 million coins. The auto-burn mechanism adapts the quantity of BNB to be burned according to the price of BNB and the number of blocks produced on the BNB Smart Chain in each quarter.  

Background and Development

Founded by Chanpeng Zhao — popularly known as CZ — and Yi He, Binance is one of the largest crypto exchanges in the world in terms of daily trading volume. Powering this exchange is an entire ecosystem of offerings such as margin trading, P2P trading, swap farming, crypto derivatives trading, Binance Launchpad, Binance DEX, staking services, liquidity farming, NFT marketplace, and crypto loans. 

The Binance Chain, known for its efficient transaction processing and compatibility with the Ethereum Virtual Machine (EVM), soon became a hub for DeFi builders and users, thanks to its low gas fees and high performance. The BNB coin is at the heart of this ecosystem and BNB price has followed the exchange's growth. 

BNB's role in the blockchain and cryptocurrency space has been multifaceted. It's used to pay for transaction fees on the Binance Chain and Binance DEX, while offering users reduced trading costs on Binance. The token also finds application in various real-world use cases, including ecommerce payments, cross-border remittances, and as a medium in DeFi platforms and NFT purchases.

Historical Price Analysis

With Binance’s rapid rise in the crypto industry, its native coin BNB has also witnessed significant value appreciation over the years. However, the increase in BNB USD price was slow in the start, where it remained well under $50 between 2017 and early 2021. Even during the market-wide crypto bull run of 2017-18, BNB's all-time high price was only $24.71 (in January 2018).

However, in the month of May 2021, the entire crypto market witnessed a major uptrend, with many cryptocurrencies registering new all-time highs. Consequently, BNB price rallied from under-$50 to an all-time high of $690.93 on May 10, 2021 (an increase of 460,520% from the BNB ICO price). Moreover, BNB’s fully diluted valuation at the time stood at over $100 billion. 2021 was also the year when BNB Chain ecosystem witnessed a huge expansion with the massive growth of DeFi platforms.

In 2023, the U.S. Securities and Exchange Commission (SEC) charged Binance and its founder with regulatory violations, leading to legal disputes. Amidst these challenges, BNB's price dropped to around $230 at the end of June.

By October, BNB's price fell to as low as $205 following Binance’s series of regulatory troubles, including withdrawal issues in Europe, and the overall negative market sentiment. 

How BNB Works

BNB can be freely sent between crypto wallets and used as a payment method. Besides powering the Binance ecosystem, BNB is also actively used for payments on various third-party platforms in the travel, entertainment, finance, and services sector. 

The Binance ecosystem comprises two blockchains – BNB Beacon Chain and BNB Smart Chain (BSC) – now recognized as one single entity, the BNB Chain. 

The BNB Smart Chain uses a distinctive consensus mechanism known as Proof of Staked Authority (PoSA). This mechanism is a fusion of Proof of Stake (PoS) and Delegated Proof of Stake (DPoS), where validators are selected based on their BNB staking amount. This approach ensures a balance between decentralization, security, and high performance, with a focus on reducing the energy consumption typically associated with blockchain networks. 

The BSC's governance model allows for a dynamic validator set, with elections occurring every 24 hours. This ensures a continuously evolving and participatory governance structure. The top 32 most staked nodes are selected as the next validator set, fostering an environment of active community involvement and stakeholder engagement.

A key feature of the BNB Smart Chain is its compatibility with the Ethereum Virtual Machine (EVM), which allows developers to easily migrate or create decentralized applications (dApps) with Ethereum-like functionality. This compatibility has been a cornerstone in the growth of the DeFi ecosystem on the BNB Chain.

According to Binance, its network processes over 1,400,000 transactions per second, with a transaction fee of less than 0.10%. That said, Binance continues to control the BSC blockchain by vetting the block validators that it brings on board. This has also attracted criticism with respect to the lack of decentralization.

BNB News, Ecosystem, and Highlights

BNB price is, to a large extent, directly co-related to positive developments in the Binance ecosystem. For example, the value of BNB goes up when news of Binance's expansion plans comes to the fore.

The BNB burn is also a major driver of Binance Coin's price. Recently, in January 2022, Binance completed its 18th token burn, removing 1.68 million BNB coins from the circulating supply — worth roughly $795 million. BNB follows a deflationary mechanism per which a certain number of coins are burnt every quarter to eventually destroy 100 million BNB over a period of time. 

In February 2022, Binance’s two main blockchains were grouped together and called the BNB Chain. With this step, Binance aims to implement the MetaFi concept and build infrastructure that will power the growing new niche of metaverse finance.

In October 2022, Binance Bridge, a critical component of the Binance ecosystem, experienced a significant security breach. This exploit resulted in the unauthorized minting and theft of two million BNB tokens, valued at approximately $566 million at the time. The hack was executed through a sophisticated forging of low-level proof in a common library, which allowed the attacker to forge arbitrary messages and circumvent security protocols.

In 2023, BNB Chain's two critical infrastructures, opBNB and BNB Greenfield, saw notable advancements. opBNB crossed 23 million daily transactions by December, demonstrating its scalability and efficiency. It's designed to double transaction speeds and reduce gas fees significantly. BNB Greenfield, aiming to revolutionize data handling in Web3, made strides in improving data upload/download speeds and plans to integrate Artificial Intelligence for optimized storage solutions and off-chain computing.

Meanwhile, zkBNB is built on ZK Rollup architecture, which bundles numerous transactions off-chain and generates cryptographic proofs, often in the form of SNARKs (succinct non-interactive arguments of knowledge). This technology ensures the validity of each transaction in the Rollup Block. As of 2023, zkBNB was in its testnet phase, with plans to transition to the mainnet in the first quarter of the year. 

Binance, the entity behind BNB Chain, faced significant regulatory scrutiny in 2023. The exchange was subject to regulatory actions from the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC). These actions were centered around alleged failures to maintain adequate anti-money laundering protocols and accusations of secretly accessing customers' funds. 

As a result, Binance agreed to pay a substantial fine of $4.3 billion to the DOJ. These regulatory challenges led to major changes in Binance's leadership, with founder Changpeng Zhao stepping down from his position as CEO.

Frequently asked questions about BNB

1. Can you mine or stake BNB?

You cannot mine BNB as it is pre-mined, but you can stake your BNB holdings to earn staking rewards.

2. What are some of the best BNB wallets?

Some of the best Binance Chain supported wallets include MetaMask, Ledger Nano S, Trust Wallet, Guarda Wallet, Coinomi Wallet and Atomic Wallet.

3. What can you do with BNB?

If you have BNB coins, you can use them in multiple ways, both within and outside the Binance ecosystem. You can use BNB within Binance to pay a reduced transaction fee on Binance Exchange, access exclusive token sales on Binance Launchpad, stake BNB and spend BNB worldwide through Binance Visa Card. 

Outside Binance, BNB can be used on multiple third-party platforms.

4. How to buy BNB?

You can buy BNB from any well-known exchange platforms like HitBTC, eToro, MEXC, and Nexo. Look out for commonly used trading pairs like BNB/USDT, BNB/BTC, BNB/ETH, BNB/EUR, BNB/USD, or BNB/GBP to execute the exchange.

Binance Coin Price589.401 USD
Market Rank#4
Market Cap88,128,070,198 USD
24h Volume953,848,689 USD
Circulating Supply149,521,480.52 BNB
Max Supply200,000,000 BNB
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