Binance Coin current price is €281.29 with a marketcap of €43.26 B. Its price is -2.91% down in the last 24 hours.
- Binance Coin (BNB)
- Live Price €281.29
- Market Cap €43.26 B
- Volume €1.23 B
- Available Supply 154.53 M BNB
- Rank 4
Technical analysis, backgrounds and info on this crypto coin
Besides Binance Coin (BNB) is a well-renowned cryptocurrency (measured by market capitalization). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Binance Coin (BNB) price. Of course, you can trade and/or invest in Binance Coin (BNB) as well. On this page you'll find basic statistics and characteristics of Binance Coin (BNB). Furthermore you'll find info regarding the Binance Coin (BNB) price, basic technical analysis and a brief explanation of the story of Binance Coin (BNB)
Current Binance Coin (BNB) price
Please see below the Binance Coin (BNB) price chart as provided by our home broker.
Onchain Metrics Binance Coin (BNB)
If you want to perform a technical analysis of Binance Coin (BNB) and decide whether it is the right time to trade or invest, please check the onchain metrics as provided by our partners of IntotheBlock.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Binance Coin (BNB) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Binance Coin.
The Binance Coin agenda
In order to provide you with an accurate overview of coming Binance Coin agenda items and events, you'll find our Binance Coin agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Binance Coin?
Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. The Binance Exchange is the largest cryptocurrency exchange in the world as of January 2018, facilitating more than 1.4 million transactions per second.
Who created Binance Coin?
Changpeng Zhao, who goes by CZ, is the founder and CEO of Binance, a cryptocurrency exchange that became the largest on the planet in just under 180 days.
What is the purpose of Binance Coin?
The binance coins can be used to invest in certain initial coin offerings that are listed through Binance's launchpad program. New cryptocurrencies will be listed on the Binance exchange, and use of binance coins will give a seamless marketplace for dealing in a variety of virtual tokens.
Binance Coin (BNB) nowadays
Just like other evolving cryptocurrencies, the Binance Coin offers several uses that go beyond the Binance exchange, such as
Trading: Binance Coin can be traded for other cryptocurrencies on various exchanges, depending on the restrictions set by the exchange.
Transaction fees on the Binance Exchange: BNB can be used to pay for transactions on the Binance Exchange, and users also receive a discount for doing so.
Credit card payments: BNB can be the form of payment for crypto credit card bills on Crypto.com.
Payment processing: Merchants can offer BNB as a means of payment for customers, offering more flexibility in payment methods.
Booking travel arrangements: BNB can be used to book hotels and flights on select websites.
Entertainment: From paying for virtual gifts to buying lottery tickets, BNB serves several purposes in the entertainment space.
Investment: Several platforms allow investors to invest in stocks, ETFs, and other assets using Binance Coin.
Loans and transfers: BNB can be used as collateral for loans on certain platforms. Also, there are apps that allow users to split bills and pay friends and family through Binance Coin.
The future of Binance Coin (BNB)
As mentioned in the Binance whitepaper, every quarter, Binance uses 20% of its profits to buy back and burn Binance Coins, destroying them completely. Binance has consistently performed quarterly burns, the latest being the 13th quarterly burn on October 17, 2020.
Binance will continue to perform quarterly burns until it buys back and destroys 100 million Binance coins – 50% of the total supply. The practice ensures that the supply of Binance Coin remains finite, making it scarce and more valuable.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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