by The Investopedia Team

Updated May 11, 2024

Reviewed by Erika Rasure

Fact checked by Timothy Li

Part of the Series

What Investors Need to Know About Altcoins

Altcoin Explained: Pros and Cons, Types, and Future

Related Definitions

Understanding Cryptocurrencies

  1. Tether (USDT)

  2. Dogecoin (DOGE)

  3. Binance Coin (BNB) CURRENT ARTICLE

  4. Litecoin

  5. Ripple (Cryptocurrency)

  6. Tezos (XTZ)

  7. Cardano (ADA)

What Is Binance Coin (BNB)

Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. In May 2024, Binance Exchange was the second largest (as verified by Coinmarketcap) cryptocurrency exchange in the world, with a daily trading volume of $11.8 billion.

Binance Coin (BNB) had a 24-hour trading volume of $1.45 billion

$BNB