$BNB
BNB, or Binance Coin, is currently trading at $654.43 with a 2.15% increase in the last 24 hours. Its market capitalization stands at $90.66 billion. Here are some key details about BNB ¹:
Key Features
- *Native Asset*: BNB is the native asset of the Binance ecosystem, used for various purposes such as trading fees, token sales and decentralized applications.
- *Token Burn*: Binance implements a token burn mechanism to reduce the total supply of BNB and potentially increase its value.
- *Multiple Forms*: BNB exists in different forms, including BEP-2 on the BNB Beacon Chain, BEP-20 on the BNB Smart Chain and ERC-20 on the Ethereum network.
Use Cases
- *Trading Fees*: BNB holders can enjoy discounted trading fees on the Binance Exchange.
- *Token Sales*: Users can participate in token sales hosted on the Binance Launchpad platform using BNB.
- *Decentralized Applications*: BNB powers numerous applications running on the BNB Smart Chain (BSC).
Where to Buy
You can buy BNB on various cryptocurrency exchanges, including ² ³:
- *Binance*: The most popular exchange for buying and trading BNB.
- *MEXC*: Offers BNB/USDT trading pairs.
- *CoinW*: Features BNB/USDT trading pairs.
Price Performance
- *Current Price*: $654.43
- *24-hour Range*: $636.01 - $655.19
- *Market Cap*: $90.66 billion
- *All-Time High*: $793.35 (December 4, 2024)
- *All-Time Low*: $0.09611 (August 1, 2017) ¹
