Coins: 2400
Exchanges: 173
Dominance:
BTC 52.0%
ETH 14.0%
BCH 4.31%
  • Market Cap
    $962,679,395
  • 24 Hour Trading Vol
    $26,057,831
  • 24h Low / 24h High
    $9.37 / $10.25
  • Available Supply
    98 Million / 195 Million
BNB
USD

Binance Coin (BNB)

24h
7d
14d
30d
60d
1y
-3.7%
-19%
-28%
-26%
-38%

Binance Coin Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated 4 minutes ago
$9.81
9.8047 USDT
$12,981,389.14
1323052.900 BNB
43.28%
2
Updated 2 minutes ago
$9.82
0.0015347 BTC
$8,419,824.44
857100.820 BNB
28.05%
3
Jex exchange logo JEX
Updated 4 minutes ago
$9.81
9.8124 USDT
$2,429,361.08
247726.790 BNB
8.1%
4
Updated 2 minutes ago
$9.81
0.033487 ETH
$1,494,598.90
152310.570 BNB
4.98%
5
Updated 2 minutes ago
$9.77
9.7701 USDT
$527,624.64
54005.116 BNB
1.76%
Quick Stats
Binance Coin Price $9.82
Binance Coin Price in BTC Ƀ0.00153394
Market Cap $962,679,395
Trading Volume $26,057,831
24h Low / 24h High $9.37 / $10.25
Gecko Rank #15
Market Cap Rank #16
All-Time High $24.37
Since All-Time High
-60%
All-Time High Date 2018-01-06 (7 months)
24 Hours
-3.7%
7 Days
-19%
14 Days
-28%
30 Days
-26%
60 Days
-38%
1 Year
Binance Coin/Bitcoin Ratio 1 BTC = 651.92 BNB
Links
Homepage https://www.binance.com/
Blockchain/Supply https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
Misc. Info
Genesis Date July 08, 2017 (about 1 year)
Hashing Algorithm -
Hashrate N/A
Block Time minutes
Available/Total Supply 98 Million / 195 Million
Complete Metrics Score
67%
Total
Major Exchanges Trading Activity
62%
Liquidity
Source Code Repository Activity
63%
Developer
Social Media & Discussion Board
59%
Community
About

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.

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