Binance Coin (BNB) is the native cryptocurrency of the BinanceChain blockchain and is used to pay fees on the Binance Exchange. BNB was originally issued as an ERC20 token on the Ethereum blockchain but has since been migrated to BinanceChain. The total supply of BNB is capped at 200 million and there will never be more than this amount in circulation. BNB was created to provide a discount to users when paying fees on the Binance Exchange.
For example, if you use BNB to pay your trading fees, you will receive a 50% discount. This discount decreases over time and will eventually be phased out. In addition to paying fees, BNB can also be used to purchase goods and services on the Binance platform or traded for other cryptocurrencies.
The current price of Binance Coin is $22.72 USD, down 3.92% over the last 24 hours.
NOTE: Warning: Investing in cryptocurrency is a high risk venture. The current price of Binance Coin is constantly changing and can be affected by many factors, including market conditions, news announcements and other factors. Investing in cryptocurrency should only be done with funds that you are willing to lose. It is important to do your own research before investing in any cryptocurrency, including Binance Coin.
The 24-hour trading volume for BNB is $624,460,849 USD, and there are 152,891,856 BNB in circulation. The total market capitalization for Binance Coin is $3,423,972,458 USD.
Binance Coin has experienced a volatile year so far in 2020. In January, the price of BNB reached an all-time high of $39.93 USD before crashing down to $10 USD in March due to the COVID-19 pandemic.
Since then, the price of BNB has gradually recovered and is currently trading near its all-time high once again. Despite the volatility, Binance Coin remains one of the most popular cryptocurrencies and is currently ranked 4th by market capitalization according to CoinMarketCap.com.
8 Related Question Answers Found
Binance is a cryptocurrency exchange that was founded in 2017. The company is based in Malta and has offices in Tokyo, Hong Kong, and Singapore. Binance offers a platform for trading cryptocurrencies.
Binance coin is a cryptocurrency with a utility function. It can be used to pay for fees on the Binance exchange, and it will also be used on the Binance DEX (decentralized exchange). Binance coin has a limited supply of 200 million, and it will never be increased.
Binance coin is a cryptocurrency with a bright future. As the native currency of the Binance exchange, it has a number of advantages that make it well-suited for investment. For one, Binance coin is used to pay fees on the Binance exchange, which gives it utility and real-world value.
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The platform was founded in 2017 and has since grown to become one of the largest exchanges in terms of trading volume. Binance offers a wide range of features, including a proprietary coin – Binance Coin (BNB) – that can be used to pay fees on the platform.
Binance is a cryptocurrency exchange that allows you to trade in a variety of digital currencies. The most popular coins that are traded on Binance are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple. There are also a number of altcoins that are available for trading.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance is a relatively new exchange, founded in July 2017, but has quickly grown to become one of the most popular exchanges.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of February 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance offers many different coins, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
The Binance Chain offers a unique staking opportunity for its investors. Binance is one of the most popular cryptocurrency exchanges in the world and offers a wide variety of digital assets, including many that can be staked. So, what coins can you stake on Binance Currently, the following assets are supported for staking on Binance:
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
EOS (EOS)
These are all major cryptocurrencies with large market capitalizations.
