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Key Stats
Trading Volume (24hr)
$1.5B
Circulating Supply
134.7M
Market Cap
$79.8B
Total Supply
134.7M
Holders
--
Max Supply
200.0M
FDV
$79.8B
Funding Rate
0%
Date of Creation
Jul, 2017
What is BNB (BNB)?
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance.
Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing.
In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB.
The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance.
Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas.
Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.
Core Team
Investors
Breaking News
Today Jun 05 2026
09:32
Dogecoin faces a historically bearish June, having closed in the red for nine consecutive years since 2016. Data indicates June is its worst-performing month with an average return of -7.29%. Current low trading volumes and waning sentiment suggest another potential decline, unless a significant Bitcoin rally reverses the trend.
09:25
Binance Research forecasts that stock tokenization could attract $2 trillion in new capital and 300 million investors by 2031. By offering fractional ownership and 24/7 trading, crypto exchanges aim to bridge the global ownership gap, particularly in emerging markets. However, realizing this potential depends on overcoming regulatory hurdles and achieving widespread user adoption.
09:25
Binance will temporarily suspend NEAR deposits and withdrawals starting June 9 at 8:00 a.m. UTC to support a scheduled Near Protocol network upgrade. While fund transfers are paused, trading pairs remain active, and user assets remain secure throughout the maintenance window.
03:02
Despite XRP whales halting sales and withdrawing funds from Binance, the token's price continues to crash due to broader market weakness, derivative liquidations, and geopolitical tensions. Analysts note a potential accumulation phase similar to early 2025, but immediate selling pressure and broken support levels indicate further declines may occur before any recovery.
02:02
Despite Ethereum prices falling to $1,700 amid market volatility, funding rates on Binance have surged to their highest level of 2026. This spike indicates strong trader optimism and a preference for long positions, even as Bitcoin continues to decline. Analysts warn that this divergence between bullish sentiment and weak price action increases the risk of long liquidations and further volatility if the broader market does not recover soon.
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