Binance Coin
$ 624.76
0.01090674 BTC
$ 104,925,562,004
Volume (24h)
$ 2,525,003,901
Circulating Supply
168,137,036 BNB
Total Supply
168,137,036 BNB

What is Binance Coin?

Binance was founded in China in 2017 and is the world’s largest online cryptocurrency exchange platform by trading volume. Binance Coin (BNB) has been built on the Ethereum blockchain using the ERC20 token standard and launched in July 2017, through an Initial Coin Offering. The BNB coin was established with a total supply of 200 million. Its primary aim is to fuel the exchange operations while providing convenience and affordability to traders and cryptocurrency enthusiasts.

Binance Coin (BNB) is the native cryptocurrency token of the Binance Chain and performs a wide range of transactional functions on the network. Binance Coin is expected to fuel the operations of the Binance exchange and its ecosystem. It supports multiple utilities on the Binance ecosystem, which includes paying for trading fees, exchange fees, listing fees, and any other fees on the Binance exchange.

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