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Markets
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BNBUSD
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BNB

BNBUSD

View Detailed Chart

562.7USD

-1.9-0.34%

Today

-0.34%

1 Week

+6.53%

1 Month

+6.31%

6 Months

-3.52%

Year to Date

+80.64%

1 Year

+161.48%

View Detailed Chart

Key Data Points

Opening Price

564

Previous Closing Price

564.6

Price Range of the Day

562.6565.2

52-Week Price Range

0.0562.7

BNB News

Binance Calls Out WazirX: Denies Hacked Crypto Exchange’s ‘Misleading’ Claims

Global exchange Binance has addressed the “misleading” claims made by hacked trading platform WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after the $235 million crypto heist.

BitcoinistWed, Sep 18

BNB Price Set to Outperform: Is a Breakout Coming Soon?

In the past few days, BNB outperformed Ethereum and Bitcoin. It remained stable above $525 and started another increase above the $535 resistance zone.

NewsBTCWed, Sep 18

BNB Price Surge Eyes $550 Breakout: Can It Push Higher?

In the last analysis, we discussed the chance of more gains in BNB price above the $525 resistance. The price outperformed Ethereum and Bitcoin. It surged above the $525 and $535 levels.

NewsBTCFri, Sep 13

BNB Price Reclaims $500: Can Bulls Maintain the Push?

After forming a base above the $470 level, BNB price started a fresh increase like Ethereum and Bitcoin. The price was able to climb above the $488 and $500 resistance levels.

NewsBTCWed, Sep 11

BNB Weekly Active Addresses Surge Over 6% – Is A Rally On The Way?

Following heavy losses from major cryptocurrencies, BNB has shown some impressive resistance to the price drop, supported by strong demand.

NewsBTCWed, Sep 11

BNB Price Struggles to Hold $500: Is a Breakout Coming?

After struggling to test the $540 resistance, BNB price started a fresh decline like Ethereum and Bitcoin. The price declined below the $532 and $520 support levels. There was also a move below $510.

NewsBTCThu, Sep 5

Info of BNB

Who launched BNB?

BNB was launched in July 2017 by Binance, the largest cryptocurrency exchange globally based on daily trading volume. The founders of Binance are Changpeng Zhao, who serves as the CEO.

What makes BNB unique?

BNB is unique because it is part of a broader Binance ecosystem that includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects. BNB powers many of these Binance sub-projects, making it an integral part of the Binance network. Binance's drive for continuous development and its status as the leading crypto exchange in multiple countries give it a significant competitive advantage. Measures like the BEP-95 upgrade, which made BNB more deflationary by burning a portion of the fees on Binance Smart Chain, have also contributed to BNB's uniqueness.

Why is BNB burned?

BNB has an auto-burn mechanism, where Binance periodically burns a portion of the total BNB supply to create a deflationary effect and sustain the value of the digital asset. This is similar to Ethereum's famous EIP-1559 proposal, which also introduced a fee-burning mechanism. The BNB auto-burn is part of Binance's efforts to maintain the scarcity and value of the BNB token. By permanently removing BNB from circulation, the overall supply is reduced, which can potentially lead to price appreciation. This deflationary mechanism is designed to benefit BNB holders in the long run.