BNB Price Overview
The live BNB price is currently €558.91 EUR, with a 24-hour trading volume of €1.25B EUR. BNB has decreased by 0.77% in the last 24 hours and holds the #5 spot on CoinMarketCap, boasting a market capitalization of €78.74B EUR. The circulating supply stands at 140,885,266 BNB.
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BNB/EUR Price Chart
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BNB Statistics
CoinBites Insight:
BNB — Inside Binance’s Powerhouse Token
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BNB Markets
Exchange Categories:
- All
- CEX (Centralized Exchanges)
- DEX (Decentralized Exchanges)
- Spot Trading
- Perpetual Contracts
- Futures Contracts
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BNB News & Community
Yield Opportunities on BNB
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NFTs on BNB Chain
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About BNB
What Is Binance Coin (BNB)?
BNB launched in 2017 via an Initial Coin Offering (ICO) ahead of Binance’s exchange debut. Originally an ERC-20 token on Ethereum, it migrated to Binance Chain (BEP2) in 2019. Key uses include:
- Paying transaction fees on Binance.
- Participating in token sales via Binance Launchpad.
- Powering Binance DEX (decentralized exchange).
Can BNB Be Mined?
No. Binance Chain uses Byzantine Fault Tolerance (BFT), where validators secure the network instead of miners.
What Is a BNB Burn?
Binance periodically destroys BNB tokens based on trading volume. Burns initially occurred on Ethereum but now happen natively on Binance Chain.
How to Buy BNB
Purchase BNB on:
- Binance (bank transfers, credit/debit cards).
- Other exchanges listing BNB pairs.
Similar Cryptocurrencies to BNB
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Top BNB Smart Chain (BEP20) Tokens
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FAQ
What drives BNB’s price?
BNB’s value is influenced by Binance’s ecosystem growth, adoption for fees, and token burns reducing supply.
Is BNB a good investment?
While past performance isn’t indicative of future results, BNB’s utility in the Binance ecosystem provides intrinsic demand. Always conduct independent research.
How often does Binance burn BNB?
Burns occur quarterly, with the amount tied to Binance’s trading volume.
Note: Data updates in real-time. For the latest metrics, visit CoinMarketCap.
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