Overview of Binance Coin (BNB)
BNB (Binance Coin) is the native token of BNB Chain, a blockchain software system co-developed by Binance and its community.
- Rank: #5 cryptocurrency by market cap
- Blockchain: BNB Chain
- Category: CEX (Centralized Exchange Token)
- Launch Date: July 25, 2017
- Total Supply: 165 million BNB
- Circulating Supply: 140 million BNB (85.32% of total)
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Key Metrics (24-Hour Data)
| Metric | Value |
|---|---|
| Current Price | $0 USD |
| 24H Change | -0.85% |
| 24H Volume | $0 USD |
| Market Cap | $0 USD |
Note: Prices and metrics are sourced from third-party providers and may experience delays.
How BNB Works
BNB serves multiple functions within the Binance ecosystem:
- Transaction Fee Discounts - Reduced trading fees on Binance exchange.
- BNB Chain Utility - Powers decentralized applications (dApps) and smart contracts.
- Token Burns - Regular supply reduction events to enhance scarcity.
Trading Markets Overview
Major trading pairs for BNB include:
- BNB/USDT
- BNB/BTC
- BNB/ETH
Leveraged trading is available on select platforms.
Risk Considerations
Cryptocurrency investments involve:
- High market volatility
- Liquidity risks
- Regulatory uncertainties
Investors should:
- Assess personal risk tolerance
- Diversify portfolios
- Only invest disposable capital
👉 Learn about secure crypto trading practices
Frequently Asked Questions
What gives BNB its value?
BNB derives value from its utility within Binance's ecosystem, including fee discounts, staking rewards, and as the native token for BNB Chain transactions.
How often does Binance burn BNB?
Binance conducts quarterly BNB burns until 50% of the total supply (100 million BNB) is removed from circulation.
Can I stake BNB?
Yes, BNB can be staked on Binance Earn and various DeFi platforms to generate passive income.
Is BNB a good long-term investment?
While BNB has shown historical growth, all crypto investments carry risk. Conduct thorough research and consider market conditions before investing.
What's the difference between BEP-2 and BEP-20 BNB?
BEP-2 tokens operate on Binance Chain (for trading), while BEP-20 tokens on BNB Chain (for smart contracts). Both are interchangeable via bridging.
Important Disclaimer
Cryptocurrency price data is provided for informational purposes only and does not constitute financial advice. CoinEx and its affiliates assume no liability for any trading losses incurred. Users should independently verify information before making investment decisions.