Binance Coin (BNB) Price
Price of Binance Coin (BNB) Today
The live price of Binance Coin (BNB) is $876.79.The current market capitalization stands at $120.78B, with a 24-hour trading volume of $1.07B.Binance Coin has experienced -0.16% in the last 24 hours and has a circulating supply of approximately 137.73M.These figures are updated in real-time to provide the most accurate market data.
BNB Price Data
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1564 unique individuals are talking about BNB, ranking it 24 for most mentions and activity among collected posts. Over the past 24 hours, the sentiment toward BNB across all social media has been Bullish. Finally, 4 news articles have been published about BNB. On Twitter, 42.79% of tweets showed bullish sentiment compared to 7.18% of tweets showing bearish sentiment about BNB. 50.03% of tweets were neutral about BNB. These sentiments are based on 3634 tweets.
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MoreFAQ
What is BNB used for?
BNB is a utility token with wide-ranging use cases. It's used to pay trading fees on Binance, cover gas fees on BNB Smart Chain (BSC), and access DeFi services, NFT platforms, and Web3 dApps. BNB is also used for staking, participating in token sales on Binance Launchpad, and even making real-world payments through supported merchants.
Is BNB the same as Binance?
Not exactly. BNB is the native token of the BNB Chain ecosystem, while Binance is the centralized exchange that created and launched BNB in 2017. Although Binance still plays a major role in BNB’s ecosystem, the BNB Chain is a decentralized, open-source blockchain platform, and its future direction is increasingly governed by validators and community proposals.
What’s the difference between BNB Beacon Chain and BNB Smart Chain?
The BNB Beacon Chain handles governance functions such as staking and validator elections. The BNB Smart Chain (BSC) is EVM-compatible and supports smart contracts and dApps, similar to Ethereum. Users typically interact with BNB Smart Chain when using wallets like MetaMask or Trust Wallet to access DeFi protocols.
Does BNB have a limited supply?
Yes. BNB has a maximum supply of 200 million tokens, but that supply is actively reduced through quarterly token burns and gas fee burning. Binance has committed to eventually burning 50% of the total supply, making BNB deflationary over time. This model aims to increase scarcity and support long-term value.
Where can I buy and store BNB?
You can buy BNB directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade BNB on the Phemex spot market. After acquiring BNB, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.
Binance Coin (BNB) Conversion Rate
Binance Coin (BNB) Price Movements
| Period | Amount Change | Change (%) |
|---|---|---|
| Today | -$1.41 | -0.16% |
| 7 Days | +$36.38 | +4.33% |
| 30 Days | -$22.61 | -2.51% |
Disclaimer
Cryptocurrency prices are highly susceptible to market risk and volatility. You should invest only in products you are familiar with and fully understand the associated risks. The information provided on this page is for informational purposes only and does not constitute investment advice. It is not a recommendation to buy or sell any specific digital asset or adopt any particular investment strategy. Phemex makes no claims regarding the accuracy, suitability, or validity of any information provided or any particular asset. For further information, please refer to our Terms of Use and Risk Disclosure.
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