$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the world's leading cryptocurrency exchanges. Initially launched in July 2017 as an ERC-20 token on the Ethereum blockchain, BNB has since transitioned to Binance's own blockchain, the BNB Chain (formerly Binance Smart Chain). This move has enhanced its utility within the Binance ecosystem, enabling users to pay for transaction fees, participate in token sales, and more.

COINTELEGRAPH

As of January 9, 2025, BNB is trading at approximately ₹59,867 (about $696.39 USD). Over the past 24 hours, the price has experienced a slight decrease of 0.20%. Despite this minor fluctuation, BNB has shown significant growth over the past year, with a 135.63% increase in value.

ECONOMIC TIMES

BNB's market capitalization is around ₹8,73,274 crore, ranking it fifth among cryptocurrencies by market cap. The circulating supply is approximately 14.59 crore BNB tokens, with a maximum supply capped at 20 crore tokens.

ECONOMIC TIMES

BNB's value is influenced by various factors, including its utility within the Binance ecosystem, overall market sentiment, and developments in the broader cryptocurrency market. Investors should be aware of the inherent volatility in cryptocurrency markets and conduct thorough research before making investment decisions