BNB Market Overview
BNB (Binance Coin) serves as the native cryptocurrency of the Binance ecosystem, powering transactions, fee discounts, and decentralized applications. Below are its core market segments:
Exchange Types
- CEX (Centralized Exchanges like Binance)
- DEX (Decentralized Exchanges like Binance DEX)
Trading Pairs
- Spot Trading
- Perpetual Contracts
- Futures
👉 Track real-time BNB price movements
Latest BNB News
Stay updated with trending and recent developments:
- Trending: Major partnerships, ecosystem expansions
- Latest: Protocol upgrades, regulatory updates
What Is BNB (Binance Coin)?
Definition and Origins
BNB launched in 2017 via an ICO alongside the Binance exchange. Initially an ERC-20 token, it migrated to Binance Chain in 2019 as a BEP2 token. Key features:
- Max Supply: 200M BNB (100M sold during ICO)
Use Cases:
- Discounts on trading fees
- Participation in Binance LaunchPad
- Base currency for Binance DEX
Is BNB Mineable?
No. BNB uses a periodic "burn" mechanism to reduce supply.
What Is the BNB Burn?
Binance conducts quarterly burns, destroying BNB tokens to curb inflation. Over 50% of the total supply has been burned to date.
How to Buy BNB?
Purchase BNB on:
- Binance (CEX)
- PancakeSwap (DEX)
- Supported brokers (e.g., OKX)
👉 Compare BNB prices across platforms
Similar Cryptocurrencies
- ETH (Ethereum): Smart contract platform
- FTT (FTX Token): Exchange utility token
FAQ
Q: Can I stake BNB for rewards?
A: Yes, via Binance Earn or DeFi platforms like PancakeSwap.
Q: What’s BNB’s role in Binance Smart Chain?
A: BNB fuels transactions and smart contract executions on BSC.
Q: How often does Binance burn BNB?
A: Quarterly, with burns based on trading volume.
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