Binance Coin (BNB) is the native token for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.
On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.
BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).
On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum's codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.
For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).
BNB (BNB) is the 5th largest cryptocurrency in the world by market cap, valued at $88,573,268,442. The current price of BNB is $605.37, which is -1.282%
lower than yesterday. Prices have ranged between $619.24 and $600.35 over the past 24 hours. All prices are listed in US dollars and accurate as of November 21, 2024 02:11 UTC.
Recent BNB developments
30 April, 2024: Former Binance CEO Changpeng Zhao (known as CZ) was sentenced to 4 months in prison. He pleaded guilty to US money-laudering violations. 3 October, 2023: Binance's regulatory issues are ongoing: In September, Binance asked a US court to dismiss the SEC lawsuit, lost its banking partner in France, and the firm was pressured into selling its Russian business. 1 September, 2023: opBNB, a layer-2 network for Binance Chain goes live on the mainnet. June 19, 2023: BNB Chain launches opBNB, a layer-2 testnet based on Optimism, which is a layer-2 scaling solution for EVM-compatible blockchains.
How we keep this BNB guide up-to-date
BNB price data is regularly updated through data feeds so you always have the latest information.
BNB performance data is regularly updated using automated comparisons.
BNB at a glance
Information last updated November 21, 2024 02:11 UTC.
Coin symbol
BNB
Coin Marketcap
US$88,573,268,442
Total BNB supply
145,887,576
Circulating BNB
145,887,576
Current price
US$605.37
All time high
US$717.48
All time high date
June 06, 2024
Notable team members
Changpeng Zhao
Partnerships
S.S. Lazio, Chiliz, Brave, Trust Wallet
Industry
Decentralised finance
Token uses
Transaction fees, staking, payments
Network
Binance Smart Chain
BNB price performance over time
Historical prices compared with the price of US$605.37.
1 hour
-0.39%
24 hours
-1.28%
7 days
-1.73%
14 days
1.56%
30 days
1.30%
60 days
3.45%
200 days
3.69%
1 year
126.84%
Disclaimer: Cryptocurrencies, including BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BNB or any other cryptocurrency discussed.
This guide provides step-by-step instructions on how to buy XDC Network, lists some exchanges where you can get it and provides daily price data on (XDC).
Learn how to buy Dogecoin in Canada with our simple step-by-step guide and tips on what to know before you get started.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.