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
Tether (USDT)
Dogecoin (DOGE)
Binance Coin (BNB) CURRENT ARTICLE
Litecoin
Ripple (Cryptocurrency)
Tezos (XTZ)
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