Binance Coin total circulation and introduction to listed exchanges

Binance Coin (BNB) is a native utility token issued by Binance Exchange and is used to pay transaction fees, participate in project token issuance and ecosystem development.

What is Binance Coin?

Binance Coin (BNB) is a native token issued by Binance exchange and was issued in July 2017. It is a utility token built on the Ethereum network and designed to fuel the Binance ecosystem.

Total circulation of Binance Coin

The total circulation of Binance Coin is 200 million. Among them, 100 million were sold in the initial coin offering (IEO), 40 million were allocated to the founding team and early angel investors, and 60 million were allocated to the Binance team for ecosystem development and operations.

Introduction to online exchanges

Binance Coin is currently listed on many large exchanges around the world, including:

• Binance
• Huobi
• OKX
• Gate.io
• Coinbase
• Crypto.com
• Kraken
• Gemini
• Binance.US

Binance Coin Usage

Binance Coin has a wide range of uses within the Binance ecosystem, Includes:

• Transaction fee discounts: Holding Binance Coin can enjoy transaction fee discounts on Binance Exchange.
• Participate in Binance Launchpad: Users can use Binance Coin to participate in project token issuance on Binance Launchpad.
• Staking Voting: Holding Binance Coin can participate in voting for projects on Binance Launchpad, affecting the final currency listing results.
• Participate in Binance Finance: If you hold Binance Coin, you can participate in Binance Finance and earn cryptocurrency interest.
• Ecosystem Development: Binance Coin is used to fund development and innovation in the Binance ecosystem, such as decentralized applications (dApps), blockchain infrastructure, and educational projects.

BNB surges strongly by 4.61%

BNB’s current price is $537.34, with a 24-hour trading volume of $1.701 billion. The price of BNB has surged by 4.61% in the past 24 hours.

Factors driving the price movement

This rise is mainly attributed to the overall optimism about the cryptocurrency market and expectations for the application of BNB blockchain technology increase.

Future Outlook

Technical analysis for BNB suggests it may continue to move higher in the short term. If the price breaks the resistance at $550, further gains are likely. However, a break below $510 could lead to a consolidation or pullback.

Investor Advice

For investors looking to invest in BNB, the current price can be an attractive entry point. It is crucial to keep a close eye on technical indicators and manage risk.

Short Term Forecast

Based on current technical indicators, BNB is expected to continue towards resistance at $550 in the coming days.

Indicators

• Current price: 537.34 USD
• 24 hour trading volume: 1.701 billion USD
• Price changes ( 24 hours): +4.61%
• Circulation: 145,934,828 BNB
• Maximum supply: None
• Total supply: 145,934,828 BNB
• Circulation market capitalization: US$78.417 billion

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