Everything You Need To Know About Binance CoinWhat is Binance Coin?
If you are a pro cryptocurrency investor, even a beginner in the crypto world, there are good chances that you have come across the name Binance, and for good reason, since it is the largest cryptocurrency exchange by trading volume. The name “Binance” is the combination of two words: Binary and Finance. If you have ever used the platform, you may be aware that it has its own cryptocurrency called the Binance Coin.
Binance coin is a digital currency issued by the cryptocurrency exchange Binance. The cryptocurrency is denoted by the symbol BNB. It is based on the Ethereum blockchain and similar to
Ether, the BNB token also fuels all operations on Binance.com.
Binance coin is used by users to pay the fees levied by Binance exchange for using the services. These fees include, but are not limited to trading fees, exchange fees, and listing fees. Additionally, Like any other cryptocurrency, BNB can also be traded on supported cryptocurrency exchanges. More on
CoinSwitch.
Value of Binance Coin (BNB) TodayBinance Coin is up by 5.63% and it's valued $0.014183 at the time of writing. Its current circulating supply is BNB 95,512,523 with a market cap of US$973,069,710 million according to
CoinMarketCap.