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BNB
584.13
+3.48
+0.6%
584.13
Binance Coin BNB price for today is 584.13 US Dollars. It has market capitalization of 83606745347 and a trading volume of 9200574.03 over the last 24h. Current circulating supply of 142475008 Million coins.
Prices provided by TradingView are for reference only and are indicative. For accurate and real-time pricing, please refer to our trading platform.
Follow this real-time Binance Coin price chart to speculate on the price movements of the BNB/USD pair. With this convenient live chart, you can view the current BNB/USD price, analyze the price dynamics, trace historical BNB to USD exchange rates, build your trading strategy, and trade Binance Coin with leverage on PrimeXBT.
Binance Coin (BNB) is one of the most prominent digital assets in the cryptocurrency market. It plays a critical role in the Binance ecosystem, which includes the Binance Exchange, Binance Smart Chain, and Binance Decentralized Exchange (DEX). As a versatile exchange token, BNB is known for its diverse applications, including reduced exchange trading fees, staking rewards, and decentralized finance (DeFi) activities.
Binance Coin was introduced in July 2017 through an initial coin offering (ICO) to support the development of the Binance cryptocurrency exchange. Founded by Changpeng Zhao (CZ) and He Yi, Binance quickly grew into the largest cryptocurrency exchange in the world by trading volume.
BNB was originally launched as an ERC-20 token on the Ethereum blockchain. However, in 2019, it migrated to the Binance Chain and later became the native token for the broader BNB Chain ecosystem.
The BNB Chain consists of two major components: the Binance Chain and the Binance Smart Chain (BSC). Together, they provide a dual-chain structure that supports various blockchain applications.
Binance Chain: Optimized for fast transactions, Binance Chain primarily focuses on decentralized exchanges like Binance DEX and basic token operations.
Binance Smart Chain: Designed for smart contracts and decentralized applications (dApps), the BSC is a competitor to Ethereum, offering faster and cheaper transactions.
The BNB Chain leverages a Proof-of-Stake Authority (PoSA) consensus mechanism, allowing several million BNB holders to participate in staking and governance while earning rewards.
BNB is an integral part of the Binance ecosystem, offering the following utilities:
Transaction fees: BNB is used to pay for trading fees on the Binance Exchange at a discount. This feature has made it popular among active traders.
Staking rewards: Users can stake BNB token on the BNB Chain to support the network and earn rewards.
Decentralized finance: The token powers many DeFi protocols on the Binance Smart Chain, including lending, yield farming, and liquidity provision.
Governance: BNB holders can participate in decision-making processes such as proposing and voting on network upgrades.
Payments and more: BNB is increasingly accepted for payments, including booking flights, hotels, and other goods or services.
The current price (December 2024) of Binance Coin (BNB) is approximately $700. BNB - often referred to by its full name, Binance Coin - has a market cap of around $100 billion, making it the fifth-largest cryptocurrency by market capitalization.
BNB has experienced significant price fluctuations since its inception. Initially priced at $0.10 during its ICO, the highest price paid per BNB coin was $788.84 on December, 4 2024. This growth reflects the increasing adoption of Binance services and the expanding use cases for BNB coins and tokens.
The highest recorded 24-hour trading volume for BNB occurred on May 19, 2021, reaching approximately $3.4 billion. This was influenced by a market surge which occurred at the time.
As of December 2024, the average daily trading volume of BNB is approximately $2.44 billion.
BNB originally had an initial maximum circulating supply of 200 million tokens. However, regular token burn events have reduced the circulating supply to approximately 155 million. The various token sales and burns are part of a deflationary mechanism that helps maintain the asset’s value over time.
BNB is often compared to Ethereum due to its ability to host smart contracts and dApps on the Binance Smart Chain. However, the BNB smart chain offers several advantages, including lower transaction fees, faster processing times, and a more centralized approach that enhances efficiency.
You can buy BNB on the Binance Exchange or other major cryptocurrency exchanges. Here’s how:
Create an account on a trusted platform.
Deposit fiat currency or cryptocurrency into your account.
Search for trading pairs like BNB/USD or BNB/USDT.
Place your buy order and store your tokens in a secure wallet.
For users of PrimeXBT, staying updated with the latest data on BNB’s price trends can help them make informed decisions.
As the native token of the leading crypto exchange, Binance Coin is integral to the broader cryptocurrency market. It facilitates smoother trading experiences on the Binance platform and supports a wide range of activities, from DeFi projects to staking and governance.
The consistent growth of the Binance ecosystem has led to increased investor interest in BNB. Its utility and deflationary nature make it an attractive option for both long-term holders and active traders.
BNB’s potential as an investment stems from its wide-ranging use cases, strong backing by Binance, and the ongoing expansion of the Binance Smart Chain. The native token is also bolstered by periodic token burns, which create scarcity and support long-term price stability.
Even with the most trusted coins, there are always risks to consider. Despite its strengths, investing in BNB does come with risks, including market volatility, regulatory changes, and competition from other blockchain platforms.
To store Binance Coin (BNB) securely, users can choose between hardware wallets, like Ledger or Trezor, and software wallets, such as Trust Wallet or Binance’s official wallet.
Hardware wallets keep private keys offline, offering maximum security, while software wallets provide convenient access for managing BNB on Binance Smart Chain and participating in token sales hosted. Whichever option you choose, combining it with strong security measures ensures safe storage for your digital asset.
Given its growing adoption and the rapid expansion of the Binance ecosystem, analysts believe that the price of BNB price on the Binance Smart Chain and innovations in DeFi could further drive its value.
Binance Coin is the exchange token of the Binance ecosystem, offering multiple utilities.
BNB operates on the BNB Chain, which includes the Binance Smart Chain and Binance Chain.
The token is valued for its discounted trading fees, staking rewards, and DeFi applications.
The current market cap of BNB positions it among the top cryptocurrencies by market capitalization.
BNB has shown consistent growth, supported by its deflationary mechanism and increasing utility.
Binance Coin (BNB) plays a pivotal role in the cryptocurrency market, offering unmatched utility across the Binance ecosystem. Whether you're a trader, investor, or blockchain enthusiast, understanding the fundamentals of BNB is essential.
Stay updated on BNB's performance and trends through PrimeXBT’s platform to make the most of this dynamic digital asset.
The trading conditions on our platforms are updated daily to reflect the average from the previous day. Although we try to always provide the best possible conditions, these may vary and can be affected by underlying market events. The info we provide is for indicative purposes only and can be changed at any time.
The trading conditions provided above apply under normal market conditions. We have the right to amend these at any time, as per our Terms and Conditions.
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