![]() Ranks for BNB in different categories calculated by market cap : Monetization #1, Trading & Investing #1, Exchange-based Tokens #1.īinance Coin price today opened at 243.02. For the previous 52 weeks, the lowest and highest value for Binance Coin was $220.89 and $387.75.Ĭompared to other crypto coins which started the same year as Binance Coin it has above-average trading volume, average volume for the other 471 coins started in 2017 is $3M while BNB has $172M. The minimum level BNB dropped after ATH is $184.93 price is up by 31.67% from that low. Roughly 2 Years and 2 Months have passed since then. Binance Coin raised $0 in a crowdsale that started in Jun 2017, Binance Coin hit its maximum price on and has recorded an all-time high price of $663.35. It has a circulating supply of 166.8 million BNB coins and is ranked #4 by current Binance Coin market cap of $40.6 billion. The price is up by ( 0.37%) for the last 24 hours. Binance Coin BNB Price today is $243.50, for the last 24 hours 704,681 BNB's were exchanged with a trading volume of $171,588,038. BNB also is burned to reduce the supply to 100,000,000 coins.īinance Coin BNB cryptocurrency, launched in July 2017, There are more than 3832 crypto tokens built on top of it. Holding BNB on the Binance exchange will give up to saves on commissions on trading fees up to 25%, Also coins are used to pay fees for smart contracts. Reuters published a report that analyzed court records, spoke with law enforcement, and worked with blockchain analysis firms Chainalysis and Crystal Blockchain to track illicit funds on Binance, claiming the exchange has become a "hub for hackers, fraudsters and drug traffickers."īinance pushed back on the report's various claims, telling Forbes the report is a "woefully misinformed op-ed that uses outdated information from 2019 and unverified personal attestations.Cryptocurrency issued by Binance Exchange, at first it was created on the Ethereum platform but now it has its own blockchain, it also supports smart contracts and after Ethereum, it's the most widely used platform for new tokens. This week, Binance was also hit by accusations it was the vehicle for the laundering of at least $2.35 billion in illicit funds. Ripple remains locked in a long-running legal battle with the SEC though the price of XRP has recovered. In late 2020, the SEC sued crypto company Ripple, alleging it broke securities rules when it sold its XRP XRP cryptocurrency, crashing the XRP price. The BNB price has crashed along with bitcoin, ethereum and other major cryptocurrencies in recent months, losing more than half its value since late last year. "Whilst the SEC investigates Binance all eyes are now on the brand themselves who seem to be lacking transparency across entities as it is unclear how Binance is related to other brands falling under the same umbrella," Kormanyos said, pointing to a myriad of legal and regulatory challenges faced by Binance over the last year and the relationship between Binance and its U.S. The BNB price has rocketed higher since its launch in 2017, surging along with the bitcoin and. Sign up now for CryptoCodex -A free, daily newsletter for the crypto-curious MORE FROM FORBES Report Reveals Game-Changing White House Crypto Plans That Could Have A Serious Bitcoin And Ethereum Price Impact By Billy Bambrough Binance traders using BNB to pay fees get a discount on the exchange. News of the investigation sparked a 10% drop in the BNB price, which has since slightly rebounded.īinance's BNB white paper, published ahead of its launch, said 85% of the funds raised in the ICO would be used to build and promote the Binance platform. The probe into Binance and BNB is likely months away from any conclusion, a person familiar with the matter told Bloomberg. Since the 2017 initial coin offering (ICO) boom, which saw a flood of companies look to raise money by issuing cryptocurrencies, the SEC has brought dozens of enforcement actions over ICOs. ![]() Kormanyos argues crypto exchanges use fundraising and trading products similar to traditional finance while claiming they should be treated differently by regulators. "The very object of the SEC investigation, Binance's BNB, is a prime example of potential conflicts of interest and market fairness issues," Zoltan Kormanyos, general counsel at international broker comparison website BrokerChooser, said in emailed comments, adding the SEC probe "reinforces the trend" the comparison site identified in its research into bitcoin and crypto exchanges. ![]()
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