BNB price
in USD
About BNB
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BNB risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading BNB. All crypto assets are risky, there are general risks in investing in BNB. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
BNB’s price performance
BNB in the news
The decline was part of a broader crypto market drop, with traders focusing on technical cues and selling dominating
The move allows Ondo Global Markets to deepen its tokenized stock market reach to BNB's 3.4 million users, with a strong base in Asia and Latin America.
Traders face a mixed outlook, with BNB's deflationary mechanics potentially leading to a boost if demand grows, but technicals show the price stuck in a narrow range.
BNB Foundation, an organization managing governance and token burns for the BNB Chain ecosystem, completed...
XRP now has a market cap of $157.6 billion, slightly behind of BNB's $161 billion.
Trading volume for BNB increased nearly 35% above its seven-day average, with market analysts suggesting the price movement reflects long-term accumulation.
Polymarket, a decentralized prediction market platform, today added support for Binance Coin (BNB) deposits and...
Robinhood has added BNB, the native token of the BNB Chain ecosystem, to its platform....
Technically, BNB is consolidating between support at $1,055 and resistance near $1,112, with buyers attempting to absorb selling pressure.
The sell-off was fueled by heavy selling pressure, with trading volume surging 87% and algorithmic trading triggering a cascade of sell orders
BNB on socials
Guides
BNB on OKX Learn
BNB FAQ
No, the Binance Smart Chain (BSC) operates independently as a separate blockchain and is not dependent on the Binance Chain (BC). While they exist within the Binance ecosystem, the BSC is designed to maintain its technical and business capabilities, ensuring its continued operation even if the BC ceases its activities.
While Binance initially created BNB, it has evolved into more than just a part of the Binance platform. The BNB Chain has become an independent decentralized network with its own ecosystem and use cases, extending beyond its association with the Binance cryptocurrency exchange.
Easily buy BNB tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include BNB/USDT and BNB/USDC.
You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Chainlink (LINK), for BNB with zero fees and no price slippage by using OKX Convert.
Dive deeper into BNB
As the Ethereum network witnessed a substantial increase in user activity and the adoption of decentralized applications (DApps), the need for scalability became a prominent issue for the first Layer-1 smart contract blockchain. To tackle this challenge, various Layer-2 scaling solutions were introduced to mitigate scalability concerns.
Among these scaling solutions, the Build 'N Build (BNB) Chain has emerged as a competitive player by offering asset-bridging capabilities across different chains. This has provided the BNB Chain with a distinct advantage over established platforms like Ethereum, enabling it to address the scalability limitations and cater to the growing demands of the DApp ecosystem.
What Is the BNB Chain?
The BNB Chain, established in February 2022, is a comprehensive modular system that combines the advancements of the Binance Chain (BC) and the Binance Smart Chain (BSC). The introduction of the BNB Smart Chain (BSC) was a response to certain limitations observed in the BC to complement its functionality.
While the BC was primarily designed to cater to decentralized exchanges (DEX) and focused on achieving high transaction throughput and delivering an enhanced user experience, it lacked smart contract functionality. Instead of incorporating additional functionality into the BC, which could have impacted network efficiency, the Binance community developed the BSC as a separate entity to address these concerns and provide the desired smart contract functionality.
After the merger of both chains, the BC assumed the role of a dedicated layer for governance, encompassing voting and staking functionalities. On the other hand, the BSC was specifically designed to execute Ethereum Virtual Machine (EVM) consensus and support Ethereum-compatible applications, including MetaMask. This strategic implementation allows for seamless integration with smart contracts on the BSC
The BNB Team
The BNB team is led by Changpeng Zhao "CZ," the founder of Binance, who introduced the BNB token and established the BNB Chain in 2017. Another key member of the team is He Yi, the co-founder and chief marketing officer. Before joining Binance, Yi served as Vice President at Yixia Technology, a leading mobile video tech company.
BNB: The utility token of the BNB Chain
BNB, the native utility token of the BNB Chain, plays a pivotal role within the BSC ecosystem. As the governance token, BNB enables holders to actively participate in shaping the development and future of the ecosystem. Additionally, BNB is essential for developers seeking to participate in token sales conducted on the Binance Launchpad.
BNB tokenomics
The BNB token operates under specific tokenomics. It has a maximum capped supply of 200,000,000 tokens, and a deflationary burning mechanism is in place to gradually reduce the supply to 100,000,000 coins. Currently, the total supply of BNB is 157,900,174, with 157,886,280 tokens currently in circulation.
BNB use cases
In recent years, the use cases of BNB have expanded significantly, offering a range of functionalities. These include participating in governance proposals through voting, staking to contribute to the network's security, utilizing BNB as collateral for loans on decentralized finance (DeFi) platforms, and covering transaction fees within the Binance ecosystem. Furthermore, BNB is accepted as a form of payment for credit card transactions at select merchants who support it.
BNB distribution
BNB was introduced in July 2017, initially distributing 200,000,000 coins according to the following allocation:
- Fifty percent of the supply was issued through an initial coin offering (ICO) held in 2017.
- Forty percent of the supply was reserved for the foundation team.
- Ten percent of the supply was distributed to angel investors.
Expanding the utility of the BNB Chain
The BNB community is dedicated to enhancing the BNB Chain by integrating side chains and implementing zk-rollups. These advancements aim to provide customized blockchain solutions and improve scalability, enabling efficient and high-performance operations. With these developments, there is optimism for a resurgence in interest and value for BNB, potentially approaching or surpassing its previous peak of $690.
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