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Binance Coin (BNB)BNB
$244.19
-54.05%
Binance Coin (BNB)
BNB Price
$244.19
-54.05%
Rank
#5
Market Cap (YTD)
$39.87B
-55.37%
Volume (YTD)
$421.21B
-28.60%
Circulating Supply
163,276,975
Transp. Vol.
Grade
1H1D1W1M1Y
Binance Coin (BNB) is a cryptocurrency issued by the popular trading platform Binance. The coin runs natively on the Eth...Read more
Prediction

Binance Coin Price (BNB)

BNB Year-to-Date Performance

Today's Binance Coin price is $244.19, which is down 54% since the year began. Binance Coin's market cap is $39.87B. Year to date BNB volume is $421.21B. It has a market cap rank of 5 with a circulating supply of 163,276,975 and max supply of 163,276,975. Binance Coin is traded on exchanges. Binance Coin had an all-time high of $677.12 about 1 year ago. Since the year began, Binance Coin has had 0% transparent volume and has been trading on 24,378 active markets with its highest volume trading pairs being .

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Binance Coin Statistics

Binance Coin Price (ytd)$244.19 (-54.05%)
Market Cap$39.87B (-55.37%)
Trading Volume (ytd)$421.21B (-28.60%)
Transparent Vol. (ytd)
Unknown
Transparency GradeUnknown
Circulating Supply163,276,975 (100.00%)
All-Time High
$677.12-63.94%
5/3/2021 (1 year ago)
7D Price Prediction
$249.25

Price

$244.19
Price Change
-$287.18 (-54.05%)

All-Time High

$677.12
Date of ATH5/3/2021
Days Since ATH430
% of ATH36.06%
Price vs ATH

Market Cap

$39.87B
Mkt Cap Change
-$49.47B-$49,472,677,170 (-55.37%)
Mkt Cap Rank5
Mkt Dominance
Mkt Dominance

Circulating Supply

163,276,975
Max Supply163,276,975
% in Circulation100.00%
% in Circulation

About Binance Coin

Binance Coin (BNB) is a cryptocurrency issued by the popular trading platform Binance. The coin runs natively on the Ethereum blockchain and follows the ERC20 technical token standard. It is classified as a utility token and can be used on the Binance exchange.

In July 2017, Binance held an Initial Coin Offering (ICO) for BNB which helped it to raise $15 million. During the ICO process, the company offered 10% of the total number of coins (BNB 20 million) to angel investors, 40% (BNB 80 million) to the founding team, and the remaining 50% (BNB 100 million) to other participants. Holders of the BNB coin are referred to as Binancians.

According to Binance’s whitepaper, half the funds raised during the ICO were earmarked for branding and marketing, one-third were used to build the Binance platform and perform necessary upgrades to the Binance ecosystem, and 15% were kept in reserve for emergencies.

The token was established with a total supply of 200 million, and a key influence on BNB’s value is Binance’s strategy to buy back a percentage of the coins and ‘burn’ them. Burning coins means taking them out of circulation and permanently destroying them. The benefit is that it increases the value of the remaining coins left in circulation. Binance has stated that it will use 20% of its profits from every quarter to buy back and burn BNB until the supply of the coin is 50% of the original amount (100 million BNB). Every buy-back transaction conducted by Binance is announced via the blockchain for transparency.

The BNB token itself has multiple uses, essentially being the underlying gas that powers the Binance ecosystem. For the first year, Binance offered a 50% discount on its exchange trading fees using the coin. In its whitepaper, Binance has outlined plans to offer annually decreasing discounts on fees for BNB users until its fifth year of operation.

There have been several other real-world use cases for BNB since its launch. In 2017 Monaco, which offers a Visa-branded credit card that converts cryptocurrencies into fiat payments, announced its plans to support BNB. It can also be used on Uplive, Asia’s premier high-end live video platform.

BNB has become more usable for goods and services in a growing number of brick and mortar establishments around the world. Australian startup TravelbyBit, for example, has equipped more than 150 establishments, including Brisbane Airport, with the ability to pay for goods and services using cryptocurrencies including BNB.

The token is also being used as a payment method on platforms made by blockchain startups such as crypto point-of-sale solutions provider Pundi X, blockchain payments company Crypto.com, and CoinPayments, which acts as a crypto point of sale for millions of online vendors around the globe. Binance also states that about 9 in 10 of its employees receive a portion of their salaries in the BNB token.

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Binance Coin Markets

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Binance Coin Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Binance Coin price? How much is 1 Binance Coin worth?

    The price of 1 Binance Coin is $244.19. Visit our currency converter page to convert BNB prices to currencies other than USD.
  • When did Binance Coin start?

    The earliest trading data for Binance Coin is on July of 2017 (based on current exchange data).
  • How high can the Binance Coin price go?

    Binance Coin’s price has gone as high as $677.12 (which is BNB’s all-time high). It achieved this price about 1 year ago. Speculations abound for how high Binance Coin’s price will get in the future.

Today's BNB / Binance Coin News for July 7, 2022

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