Binancecoin  BNB Price & Markets

$688.34

-2.57% (24H)
Low $674.58
High $702.11
  • Market Cap $101.58 B
  • Volume $2.86 B
  • Available Supply 147.56 M BNB

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BNB(BNB) current price is $688.34 with a marketcap of $101.58 B. Its price is -2.57% down in last 24 hours.

About BNB

BNB, or Binance Coin, is a digital asset created by the leading cryptocurrency exchange, Binance. As one of the most popular cryptocurrencies in circulation today, it is often seen as an indicator of the crypto market’s health.

At its core, BNB is a blockchain-based token designed to facilitate transactions on the world’s leading crypto exchange platform. It has also gained traction as a store of value since it was first released in 2017 and serves multiple purposes on different levels. This includes serving as collateral for loans or being used to pay trade fees when trading other cryptos like Bitcoin and Ethereum on Binance exchanges.

In addition to this foundational use case, BNB has recently launched its own ecosystem: The “Binance Smart Chain (BSC)” blockchain network facilitates decentralized finance (DeFi ) functions such as borrowing against collateral and flash loans among others.

These innovative DeFi solutions are built with specialized smart contract capabilities that grant users more autonomy while engaging respectively with financial services than they would have had before using traditional financial institutions for those needs. Thus making them more digitally accessible which allows users to conduct their activities quickly and securely within the confines of a secure blockchain infrastructure.

In summary; BNB is not just another digital asset but instead can be considered an ecosystem within itself thanks to its applications both off and on the chain from which people around across all walks of life can benefit from given how porous borders have become with this new technology we now have access too making economic activities much easier less costly and much faster than ever before!

Disclaimer: The content of our coin listings is for informational purposes only and should not be considered financial advice. We are not licensed financial advisors. All investment decisions are solely your responsibility. We strongly recommend conducting your own cryptocurrency research and consulting with a qualified financial advisor before making any investment choices.