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Binance Coin or BNB is the native cryptocurrency of the Binance exchange. The Binance exchange is one of the largest cryptocurrency exchanges in the world. Binance Coin was initially built as an ERC-20 token on the Ethereum blockchain and was used by traders to access discounted trading fees on the exchange.
After the development of the native Binance Chain (BC) in 2019, BNB was also used to pay transaction fees on the blockchain network. The cryptocurrency exchange continued to grow and now BNB can also be used for online and financial services, travel bookings and even entertainment.
Following the success of the BC, the Binance Smart Chain (BSC) blockchain was launched in 2020. The BSC is aimed at smart contract functionality for decentralised application development. The token standard on the BSC is BEP20, which BNB does not conform with. Therefore, wrapped BNB (wBNB) was created as a token compatible with the Binance Smart Chain but that remains pegged to BNB at a ratio of 1:1. wBNB can be used on many dapps within the Binance Smart Chain ecosystem.
Wrapped BNB (WBNB) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Wrapped BNB is $432.8728, which is 3.992% higher than yesterday. Prices have ranged between $438.4818 and $408.5766 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 06:05 UTC.
| Coin symbol | WBNB |
|---|---|
| Coin Marketcap | N/A |
| Total WBNB supply | 5,210,393 |
| Current price | AUD$432.8728 |
| All time high | AUD$1385.707 |
| All time high date | May 10, 2021 |
| Industry | Cross-chain transactions |
| Network | Binance Smart Chain |
Historical prices compared with the price of $432.8728.
| 1 hour | -0.85% |
|---|---|
| 24 hours | 3.99% |
| 7 days | 13.30% |
| 14 days | -24.33% |
| 30 days | -26.83% |
|---|---|
| 60 days | -23.66% |
| 200 days | -42.07% |
| 1 year | -39.88% |
Disclaimer: Cryptocurrencies, including Wrapped BNB, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of WBNB 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 Wrapped BNB or any other cryptocurrency discussed.
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