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Binance Coin

NZD 985.73

+2.10% past month

Global Rank

#4

Market Cap (USD)

USD 76.13B

24H Volume (USD)

USD 583.42M

24H Change

+2.10%

24H Price History

Buyers 80.4%

  • Deposit Enabled

  • Withdrawals Enabled

Binance Coin is on the incline in the last 7 days

In the past 24 hours, the price of Binance Coin has increased by 2.1%. Its price has risen by 1.3% in the last 7 days. The current price per BNB is NZD 985.73 NZD.

What is BNB? 

Binance coin (BNB) is the native utility token of the Binance crypto exchange. Binance is currently the largest global exchange, available in over 180 countries. Binance has established an entire ecosystem of crypto-related sub-projects since its launch in 2017. Some of the projects include; Binance Chain, Binance Smart Charin, Binance Academy, Trust Wallet and multiple research projects. 

BNB plays an integral role in maintaining the functionality of Binance’s array of sub-projects. BNB is a BEP-2 token used as a pairing on the Binance exchange as used to reduce trading fees. BNB is currently one of the largest cryptocurrencies in the world by market cap. 

BNB’s total supply is capped at 200 million. Until the total supply is reached, 100 million automatic burns will occur every three months to reduce the supply of the asset.  

Understanding BNB price charts 

BNB’s price chart represents the asset price movements and performance. Traders can use this customisable chart to perform crypto technical analysis of BNB and other cryptocurrencies.  

The chart above is a candlestick chart where each candle represents a period of time i.e. 1 hour, 1 day, 1 week or 1 month. The body of the candlestick represents the opening and closing price of that specific period. Whereas, the wick of the candle represents the highest and lowest price of that period.  A green candlestick indicates that the closing price of an asset is higher than its opening price; this is known as a bullish candle. Red candlesticks show that the closing price was lower than the opening price, indicating that the price has dropped in that specific time period. This is known as a bearish candlestick. 

Being able to read a candlestick chart accurately is an important skill for traders wanting to develop both short-term and long-term trading strategies. Read our guide to reading candlestick charts on Swyftx Learn 

Who created BNB? 

Changpeng Zhao is the founder and CEO of Binance. Zhao has been actively involved in the cryptocurrency and blockchain industry since 2015 when he founded the BijieTech blockchain. 

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The information on this website is general in nature and does not consider your objectives, financial situation or needs. You should consider whether this is suitable for you and your personal circumstances. Any statistics, price references, graphics or information on this page related to the performance of any asset, market or trading account are not indicative of current performance and should not be relied upon when making a decision to invest. This website is not targeted at the public, nor residents, of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful. Digital assets are volatile and carry high levels of risk, you may lose some or all of your investment. Derivative products are highly speculative and carry significant risk. Credit products are subject to lending criteria. Before making any decision about whether to acquire a product, you should read the applicable Terms of Service and, where relevant, the PDS, FSG, Credit Guide and TMD available on Swyftx’s website, as well as the respective product issuer’s website (if applicable).