Current BNB Price Overview
Binance Coin (BNB) is currently valued at €550.57 with a market capitalization of €77.57 billion. Over the past 24 hours, BNB has experienced a 0.92% price decrease.
Key Metrics:
- Symbol: BNB
- Current Price: €550.57
- 24h Change: -0.92%
- Market Cap: €77.57B
- Trading Volume: €1.18B
- Circulating Supply: 140.89M BNB
- Market Rank: #5
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Binance Coin (BNB) – Comprehensive Guide
BNB is the native cryptocurrency of Binance, the world's largest cryptocurrency exchange by trading volume. The name combines "binary" and "finance," reflecting its focus on digital asset trading.
Key Features:
- Token Standard: Originally ERC-20, now operates on Binance Chain
- Total Supply: Hard-capped at 200M BNB
Primary Use Cases:
- Paying transaction fees on Binance (with fee discounts)
- Participating in token sales via Binance Launchpad
- Powering decentralized applications on Binance Smart Chain
Fee Discount Structure:
| Year | Discount Rate |
|---|---|
| 1 | 50% |
| 2 | 25% |
| 3 | 12.5% |
| 4 | 6.75% |
| 5+ | 0% |
Note: Binance periodically burns BNB tokens to reduce supply and increase scarcity.
BNB Price Trends (30-Day Analysis)
Below is the 30-day performance chart for Binance Coin (USD pairs):
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Historical Performance Highlights:
- All-Time High: €686.31 (May 10, 2021)
- 2024 Low: €210.24 (January 23)
- Average Volatility: ±3.2% daily
BNB Conversion Tools
Use this simple calculator to convert BNB to major currencies:
| BNB Amount | EUR Equivalent | USD Equivalent |
|---|---|---|
| 1 BNB | €550.57 | $592.41 |
| 5 BNB | €2,752.85 | $2,962.05 |
| 10 BNB | €5,505.70 | $5,924.10 |
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BNB Trading Markets
Major exchanges listing Binance Coin:
| Exchange | Trading Pair | Last Price | 24h Volume |
|---|---|---|---|
| Binance | BNB/USDT | $592.41 | $420M |
| Coinbase | BNB/EUR | €550.57 | $180M |
| Kraken | BNB/BTC | 0.0082 BTC | $95M |
Frequently Asked Questions
Q: Is BNB a good investment in 2024?
A: BNB's value is closely tied to Binance ecosystem growth. Consider exchange adoption, burn mechanisms, and overall crypto market trends before investing.
Q: How does Binance's token burn affect BNB price?
A: Quarterly burns reduce supply, potentially increasing scarcity and value if demand remains stable or grows.
Q: What's the difference between BNB and other exchange tokens?
A: BNB has broader utility (trading fees, smart contracts, staking) compared to tokens like HT (Huobi) or OKB (OKX), which focus mainly on fee discounts.
Final Thoughts on Binance Coin
BNB remains a cornerstone asset in the crypto space due to:
- Binance's market dominance
- Multi-chain utility (BSC integration)
- Deflationary tokenomics
Always conduct your own research and never invest more than you can afford to lose.
For secure BNB transactions:
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