Binance Stock Symbol BNB Overview

Binance's native cryptocurrency is BNB, which is used for various purposes within the Binance ecosystem.

BNB is an ERC-20 token, meaning it's built on the Ethereum blockchain.

The total supply of BNB is capped at 200 million tokens.

BNB is used for trading fees, with users receiving a percentage of their fees back in BNB.

Users can also use BNB to pay for Binance services, such as trading fees and withdrawals.

The BNB token has seen significant growth in value since its launch in 2017.

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BNB is an integral part of the Binance ecosystem, which includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects. These functionalities all employ blockchain technology to bring new-age finance to the world.

The original value proposition of BNB was to give users of the crypto exchange Binance discounts on trading fees, which can range from 10-25%. This remains true today.

BNB is also used for staking on the BNB Chain and as a governance token, allowing holders to participate in the project's decision-making.

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BNB is an integral part of the Binance ecosystem, which includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects.

The original purpose of BNB was to provide users of the Binance exchange with discounts on trading fees, varying between 10-25%.

BNB tokens are now in high demand for staking on the BNB Chain, allowing users to earn rewards, and as a governance token for the chain, enabling holders to participate in decision-making.

Users can reclaim lost tokens in eligible cases, such as honest mistakes, but only if the value is between $1,000 and the planned "burn" volume.

The BNB Chain operates on a proof-of-stake authority (PoSA) consensus mechanism, limiting validators to 21 of the largest stakers in the system.

BNB is used as a governance token, allowing holders to participate in the project's decision-making, and staking on the BNB Chain provides users with a way to earn rewards.

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BNB, short for Binance Coin, is a cryptocurrency created by the popular cryptocurrency exchange Binance.

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It was launched in 2017 as a utility token to facilitate transactions and services within the Binance ecosystem.

BNB is the native cryptocurrency of the Binance Smart Chain, a blockchain platform developed by Binance.

The Binance Smart Chain allows for faster and cheaper transactions compared to other blockchain platforms.

BNB can be used to pay for trading fees on the Binance exchange, with discounts increasing as the amount of BNB held in a user's account increases.

This means that long-term holders of BNB can enjoy lower trading fees over time.

BNB is also used to access exclusive features and services within the Binance ecosystem.

It's a versatile cryptocurrency that's not just limited to trading fees.

BNB is available on various cryptocurrency exchanges and can be traded for other cryptocurrencies, including Bitcoin and Ethereum.

This makes it widely accessible to investors and traders.

BNB has a total supply of 100 million coins, with a maximum supply of 100 million.

This scarcity can contribute to its value and desirability.

The Binance Coin has a strong track record of growth and adoption, making it a popular choice for investors and traders.

Its value has increased significantly since its launch in 2017.

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Binance is a unique ecosystem of decentralized, blockchain-based networks.

The company started as a crypto exchange in 2017 and has since grown to become the leading crypto exchange in many countries, with its side organizations attracting significant interest.

Its mission is to become the infrastructure services provider for the entire blockchain ecosystem.

BNB, the exchange's native coin, went through a significant price increase at the beginning of 2021, putting it on the map of enterprise investors.

The proposal of BEP-95 has upgraded BNB's tokenomics, making it even more deflationary, and has also lowered gas fees on Binance Smart Chain.

A part of the fees is burned to decentralize further, modeled after Ethereum's famous EIP-1559.

Despite several hacks, including a $200M exploit of Pancake Bunny and hacks of Cream Finance, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.

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There is an initial maximum supply of 200,000,000 BNB coins.

Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half. This has already resulted in significant price increases for BNB, making it an attractive investment opportunity.

As of September 2021, 168,137,036 BNB coins are currently in circulation.

The quarterly burning of BNB has been successful in reducing the total supply, with a 16th quarterly burning worth $390 million in BNB price at the time of burning.

On April 16, 2021, the exchange burned nearly $600 million worth of BNB in price at the time of burning, making it the most expensive burn to date.

Half of the maximum supply of BNB coins was allocated towards the initial coin offering (ICO) and public sale of the coin. This allocation has resulted in a significant return on investment for early investors, with BNB price increasing by almost 4200X since the ICO.

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The live BNB price today is $656.33 USD with a 24-hour trading volume of $1,649,285,020 USD.

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BNB is down 2.05% in the last 24 hours, which is a significant drop, but it's essential to keep in mind that the crypto market can be highly volatile.

The current CoinMarketCap ranking is #6, with a live market cap of $93,514,759,203 USD, indicating a substantial market presence.

BNB's price is influenced by several factors, including its use as a transaction fee on the Binance exchange, participation in Binance Launchpad ICOs, and its correlation with leading cryptocurrencies like Bitcoin and Cardano.

The BNB price live data is what we're interested in, and I've got the scoop for you. As of now, the live BNB price today is $656.33 USD.

You can check the 24-hour trading volume, which is a whopping $1,649,285,020 USD. It's constantly updating in real-time, so you'll get the most current info.

BNB has taken a hit, down 2.05% in the last 24 hours. But don't worry, we're keeping an eye on it.

Here's a quick rundown of BNB's current stats:

The current price of Binance Coin in India is as high as ₹ 56,814 on CoinSwitch.

You can check the prices on various exchanges such as Coinbase, CoinMarketCap, and BuyUcoin, which are all around ₹ 53,000.

The price of Binance Coin on Giottus is ₹ 52,422, with a 24-hour change of -5.10%.

Here's a breakdown of the current prices on different exchanges:

Keep in mind that prices can fluctuate rapidly, so it's essential to check the current price before making any transactions.

Binance Coin was first issued and launched in 2017.

The public ICO sold out and raised $15 million in the form of Bitcoin and Ethereum, with 50% used for branding and marketing, 35% for the exchange’s development, and 15% as a rainy day fund.

Binance uses 20% of its profits to buy back and destroy BNB every quarter to control its supply and increase the BNB price periodically.

Binance Coin was first issued and launched in 2017. The public ICO sold out and raised $15 million in the form of Bitcoin and Ethereum, with 50% used for branding and marketing, 35% for the exchange's development, and 15% as a rainy day fund.

In 2017, Binance gave the founding team 40% of the tokens and sold 10% to angel investors. The remaining 50% was sold to the public.

The Binance exchange uses 20% of its profits to buy back and destroy BNB every quarter to control its supply and increase the BNB price periodically. This process has already led to the destruction of 1,959,595 BNB tokens, totaling $622,031,710 in Q2 2022.

Today, 90% of Binance employees have a portion of their wages paid in BNB, a testament to the growing popularity and potential of the Binance platform.

In the history of Binance Coin, we can see some significant fluctuations in its price. On 12-Feb-2025, the price of Binance Coin experienced a notable increase of 7.63% to ₹ 58,862.

The highest price point of Binance Coin was on 13-Feb-2025, when it reached ₹ 63,542. This is a substantial increase from its previous day's price.

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On 12-Feb-2025, the trading volume of Binance Coin was a staggering ₹ 475.4B, indicating a high level of market activity.

The lowest price point of Binance Coin in the given period was on 10-Feb-2025, when it dropped to ₹ 52,542.

Here's a summary of the key price points for Binance Coin:

These fluctuations in price and trading volume demonstrate the dynamic nature of the cryptocurrency market.

Binance Coin, also known as BNB, is a derivative cryptocurrency that was pre-mined in the form of 200 million tokens at launch. This initial supply has a significant impact on the current market cap of BNB.

As of today, the live market cap of BNB is $93,514,759,203 USD, making it the 6th ranked cryptocurrency on CoinMarketCap. The current price of BNB is $656.33 USD with a 24-hour trading volume of $1,649,285,020 USD.

BNB's primary purpose was initially for transaction fees on the Binance exchange, but it's used for much more than that in 2022. You can now book hotels with BNB on Travala.com, take smartphone payments in BNB with HTC, and even pay subscription fees in BNB with BitTorrent.

Binance uses some of its revenue each quarter to buy back and burn BNB, taking them out of supply completely. This process will continue until they burn 100 million coins - half of the total supply.

Here's a breakdown of BNB's current stats:

Binance is a unique ecosystem of decentralized, blockchain-based networks that has grown to be the leading crypto exchange in many countries.

One of the biggest competitive advantages Binance has is its drive for development, which has led to the expansion of its services into numerous different spheres.

Its mission is to become the infrastructure services provider for the entire blockchain ecosystem, a goal it has been working towards since launching the BNB.

BNB went through a significant price increase at the beginning of 2021, putting it on the map of enterprise investors.

Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary, burning a part of the fees to decentralize further.

The proposal was modeled after Ethereum's famous EIP-1559, and it has helped Binance overcome several exploits of protocols on BSC.

Users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.

Higher activity in the crypto market often spells higher prices for BNB.

BNB's price tends to go up as supply decreases, thanks to the team's periodic burning of tokens, which is written into the whitepaper.

The burn rate is adjusted depending on market conditions, so while the overall trend is an increase in price, there may be periods where BNB sees lower prices due to eased burn rates.

A popular project on Binance Launchpad can cause investors to buy up BNB, raising prices.

Regulatory scrutiny, like the investigation by the U.S. Internal Revenue Service and Department of Justice in May 2021, can put downward pressure on BNB's price.

BNB shares a tight correlation with leading tokens, holding an 81% correlation with Bitcoin and an 86% correlation with Cardano, so fluctuations in their prices will generally lead to BNB following suit.

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