Binance Coin (BNB) Price Chart

What is Binance Coin (BNB)?

Binance Coin (BNB) is the underlying gas token that fuels the Binance ecosystem. First issued in 2017, BNB serves as the native asset of the Binance Chain and newer Binance Smart Chain networks. 

Use cases include transacting and participating in IDOs on Launchpad, accessing elevated wallet tier benefits, earning staking rewards, and serving as a base pair for the Binance DEX platform. A fraction of Binance’s profits each quarter goes towards burning BNB to constrict the total supply over time.

How is the BNB price calculated?

The BNB price displayed on the YouHodler platform represents an aggregated average from several of the top crypto exchanges. To determine the most precise, real-time valuation for BNB, YouHodler compiles BNB's latest trading prices from liquid markets, including Binance itself, Kraken, Huobi, OKEx, and other leading exchanges. By combining together this live price data into one benchmark rate, YouHodler can show the most representative, volume-weighted valuation for BNB based on up-to-the-second trade activity across prominent BNB markets. 

BNB to USD Price

As the BNB to USD rate shifts, it's important to adapt your investment strategy accordingly. YouHodler offers a range of tools for buying, selling, or HODLing your BNB. This flexibility helps in optimizing your portfolio's potential, irrespective of market conditions.

Track the Binance Coin price on YouHodler’s wallet app

For convenient, on-the-go access to stay updated on the most recent prices and market data for BNB, check out the YouHodler mobile app for both iOS and Android devices.Track real-time changes in BNB's price around the clock from anywhere.

Binance Coin (BNB) Price prediction

Predicting the crypto market's movements is notoriously challenging, and BNB is no exception. The landscape is complex and often unpredictable. Adding to this complexity, in 2023, Binance encountered a major regulatory hurdle in the United States, facing criminal charges for violating sanctions and money-transmitting laws. The company settled these charges with a hefty $4.3 billion payment. This development led to significant changes at Binance, including the resignation of CEO Changpeng Zhao, who admitted to anti-money laundering violations. The market's response to these events was initially volatile, with BNB's value dropping before finding some stability. 

Despite these challenges, there are ways to approach BNB price forecasting with a degree of insight. YouHodler keeps you updated with the latest news, technical analyses, and Binance Coin price trends. This information can be a valuable asset in shaping your investment decisions. However, it's always wise to complement our insights with your own research, ensuring a well-rounded approach to your investment strategy.

Maximizing returns with a BNB Yields account

The BNB Yields Account offers a unique opportunity to earn returns on your Binance Coin holdings. It's designed for those who wish to grow their BNB assets over time. By depositing your BNB in this account, you can enjoy regular % p.a. payments, turning your crypto holdings into a productive asset. This feature is especially appealing for long-term holders wanting to benefit from their BNB without actively trading.

Securing a BNB loan

For those holding Binance Coin, YouHodler offers customized loan options that can be a game-changer. By using your BNB as collateral, you can access cash or stablecoin loans without having to liquidate your crypto assets. This strategy is perfect for those who need immediate funds but want to keep their BNB for potential future gains.

Turbocharging Your BNB

If you're optimistic about Binance Coin's future price, consider cloning your BNB with our Turbocharge feature. This option can be a smart move for those anticipating a rise in BNB's value - potentially multiplying your holding 8x. For all the details on how our Turbocharge feature works and its benefits, click here.