BNB icon BNB price (BNB)

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What is BNB?

Binance Coin (BNB) is a cryptocurrency developed by crypto exchange Binance. The coin was developed as an ERC-20 token, meaning it uses the standards of Ethereum's ERC-20 protocol. The BNB thus previously operated on Ethereum's blockchain. Since 2019, the BNB token has migrated to its own blockchain using BEP-2 as its technical standard. BNB's goal: to power exchange operations, provide convenience to platform users and an affordable trading currency with low transaction costs.

Historic ROI
1 year
3 years
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Price (Month)
BNB Market
€81.8 Billion
154 Million
Volume 24h
€995 Million

Low transaction costs

Executing a transaction on the BNB blockchain costs just 0.10 cents on average.

Native token

BNB acts as a native token and is used to pay for gas to execute network transactions on the Binance blockchain.

Since 2017

BNB was launched in summer 2017 and has become one of the largest coins based on trading volume. Until 2019, BNB was an ERC-20 token, then BNB migrated to its own blockchain.

When is a good time to get in?

BNB statistics from the last 24 hours

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Why buy BNB via Anycoin Direct?

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More about the BNB price

The BNB price history

In 2017, crypto exchange Binance introduced the BNB coin. Back then, the coin reached a low point with a price of less than 10 cents per BNB. In 2021, BNB managed to reach its peak, reaching a price of 711.74 euros per BNB coin.

The Binance coin ICO

On 26 June 2017, before the launch of the Binance exchange, you could buy BNB coins for $0.15 per BNB. The Initial Coin Offering (ICO) lasted until 3 July. 100 million BNB coins were sold with a value of $15 million. Changpeng Zhao, founder of Binance, organised the ICO to raise money for the development of the Binance exchange. Binance used most of the money for marketing and optimising the platform. 11 days after the ICO, Binance's trading platform was launched.

A declining market supply

A total of 200,000,000 BNB coins were put into circulation in 2017. Meanwhile, the total market supply has been reduced by burning. In burning, BNB coins are sent to a dead wallet. This is done to create scarcity, causing the price to rise over time. Burn events take place twice a year, which should eventually reduce the market supply by 50%. So at some point, there will only be 100 million BNB coins in circulation.

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