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BNB (BNB) price, chart, coin profile and news

Find the latest BNB (BNB) price, coin profile, news and history to get you started with BNB trading and investing.

What is BNB?

Binance Coin (BNB) is the native token for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.

On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.

BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).

On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum's codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.

For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).

BNB (BNB) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $87,701,466,541. The current price of BNB is $853.575, which is -1.909% lower than yesterday. Prices have ranged between $882.765 and $850.86 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2024 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Recent BNB developments

30 April, 2024: Former Binance CEO Changpeng Zhao (known as CZ) was sentenced to 4 months in prison. He pleaded guilty to US money-laudering violations.
3 October, 2023: Binance's regulatory issues are ongoing: In September, Binance asked a US court to dismiss the SEC lawsuit, lost its banking partner in France, and the firm was pressured into selling its Russian business.
1 September, 2023: opBNB, a layer-2 network for Binance Chain goes live on the mainnet.
June 19, 2023: BNB Chain launches opBNB, a layer-2 testnet based on Optimism, which is a layer-2 scaling solution for EVM-compatible blockchains.

BNB (BNB) price

Use our graph to track the performance of (BNB) over time.

How we keep this BNB guide up-to-date

  • BNB price data is regularly updated through data feeds so you always have the latest information.

BNB at a glance

Information last updated May 16, 2024 03:05 UTC.
Coin symbol BNB
Coin Marketcap AUD$87,701,466,541
Total BNB supply 153,856,150
Circulating BNB 153,856,150
Current price AUD$853.575
All time high AUD$1.5
All time high date May 10, 2021
Notable team members Changpeng Zhao
Partnerships S.S. Lazio, Chiliz, Brave, Trust Wallet
Industry Decentralised finance
Token uses Transaction fees, staking, payments
Network Binance Smart Chain

BNB price performance over time

Historical prices compared with the price of $853.575.

1 hour -1.14%
24 hours -1.91%
7 days -4.75%
14 days 1.04%
30 days 6.93%
60 days -1.29%
200 days 150.40%
1 year 83.43%

Disclaimer: Cryptocurrencies, including BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BNB or any other cryptocurrency discussed.

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