Current BNB Price Overview
BNB to USD Exchange Rate: 1 BNB = $345.50
Market Capitalization: $53.92 billion
Circulating Supply: 155.87 million BNB
24-Hour Trading Volume: $974.72 million
7-Day Price Change: +10.78%
Today's Price Range: $342.30 - $348.09
Market Analysis
The cryptocurrency market has experienced significant volatility recently. BNB's current price sits at $345.50, rebounding from today's low of $342.30 after a week of positive momentum (+10.78%).
BNB to CNY Conversion:
Today's BNB price is ¥2,369.12 CNY with 24-hour trading volume of ¥6.63 billion CNY. The token has gained 3.97% in the past day, currently ranked #4 by market cap (¥369.26 billion CNY).
What is Binance Coin (BNB)?
Launched in 2017 via ICO, Binance Coin began as an ERC-20 token before migrating to Binance Chain in 2019. Key features include:
- Payment method for Binance exchange fees
- Participation token for Binance LaunchPad offerings
- Native currency for Binance DEX
Total initial supply: 200 million BNB (100 million sold during ICO)
Mining & Tokenomics
BNB cannot be mined as Binance Chain uses Byzantine Fault Tolerance (BFT) consensus. Validators secure the network through block verification rewards instead.
BNB Burning Mechanism
Originally burned via Ethereum smart contracts, BNB now undergoes quarterly burns based on Binance's trading volume. The current process uses native Binance Chain commands rather than smart contracts.
Frequently Asked Questions
Q: Where can I buy BNB?
A: BNB is available on major exchanges including Binance, OKX, and KuCoin.
Q: Is BNB a good investment?
A: While showing strong recent performance (+10.78% weekly gain), all cryptocurrency investments carry risk. Always conduct thorough research.
Q: How often does BNB burning occur?
A: Binance conducts quarterly burns, with the amount determined by exchange trading volume.
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Disclaimer: This content does not constitute investment advice. Cryptocurrency investments are inherently risky—invest only what you can afford to lose.