$BNB Currently, Binance Coin (BNB) is trading at approximately $630.47 USD. In the last 24 hours, it has had a price range between $626.52 and $641.49 USD. Despite being 20.53% below its all-time high of $793.35 USD recorded in December 2024, BNB has shown incredible appreciation since its all-time low in 2017, when it was worth only $0.09611 USD (Price, charts, market capitalization of BNB).
BNB is the native cryptocurrency of the Binance ecosystem and is used to pay fees within the exchange, participate in token sales on Binance Launchpad, and make payments on multiple platforms. It cannot be mined like Bitcoin, as it uses a different consensus mechanism, Byzantine Fault Tolerance (BFT). Additionally, Binance periodically conducts a BNB burn to reduce its supply and maintain its value (Price, charts, market capitalization of BNB)