BNB
BNB-USD
Key Statistics
About BNB
By Liveworldmarket Editorial Team · Last reviewed 29 June 2026
BNB — The Native Token of the BNB Chain Ecosystem
BNB (originally 'Binance Coin') is the native cryptocurrency of the BNB Chain ecosystem — a multi-chain platform encompassing the BNB Smart Chain (BSC, an Ethereum-compatible smart-contract chain) and the BNB Beacon Chain (a separate consensus layer). BNB is also used to pay reduced trading fees on the Binance centralised exchange, which has historically been the largest crypto-trading venue in the world by volume. BNB Chain hosts thousands of dApps, DeFi protocols, NFT marketplaces, and is particularly popular in retail-driven emerging markets due to low transaction fees (typically $0.10-0.30 vs. $1-5 on Ethereum mainnet).
BNB has a unique tokenomic feature: Binance conducts quarterly token burns funded by a portion of exchange profits, with the goal of reducing total BNB supply from the original 200 million to 100 million over time. As of early 2026 the circulating supply has been reduced to approximately 145 million BNB. The burn schedule provides predictable supply contraction that has supported the token's long-term price trajectory.
History & contract origins
BNB was launched in July 2017 via an ICO that raised $15 million at a price of approximately $0.15 per BNB. The token migrated from Ethereum (as an ERC-20 token) to the new Binance Beacon Chain in April 2019. BNB Smart Chain (originally Binance Smart Chain) launched in September 2020 and rapidly became one of the largest Ethereum-compatible smart-contract chains by transaction volume. BNB price milestones: $1 (early 2018), $10 (2020), $100 (early 2021), $300 (April 2021), all-time high of $686 in May 2021, sustained range of $200-700 since.
Major events: 2017 ICO, 2019 Binance hack (BNB price stable despite the security event), 2021 BSC explosion in DeFi activity, 2022 LUNA / FTX collapse contagion (BNB held up better than most), 2023 SEC enforcement action against Binance.US and CEO Changpeng Zhao resigning, 2024-25 stabilisation under new Binance leadership.
Trading hours & session layout
BNB trades 24/7/365 across spot and futures markets:
| Spot BNB availability | 24/7/365 |
| Highest volume | Continuous, with peaks during Asian business hours given Binance's APAC user base |
Holiday calendar (typical annual closures)
Listed below are the major scheduled closures for the underlying exchange. Exact dates shift year-to-year — always verify against the exchange's official calendar before holding overnight positions across a holiday boundary.
| Holiday | Typical date |
|---|---|
| BNB markets - never closed |
How to read this tape
Read BNB alongside three signals. First, Binance exchange volumes and user-base trends — BNB demand is partly driven by exchange-fee-discount utility; rising Binance activity supports BNB. Second, BNB Chain TVL (total value locked in DeFi protocols on BSC) and daily transaction count — chain-utility metrics that drive BNB gas demand. Third, the quarterly burn announcements — Binance typically announces burn quantities 1-2 days before execution; markets often front-run these.
BNB has a unique dual driver: as a chain-native token (like ETH, SOL) AND as a centralised-exchange utility token (like BNX, FTT). This dual exposure makes BNB more sensitive to Binance-specific regulatory risk than other major crypto assets.
Frequently asked questions
Is BNB the same as Binance Coin?
Yes — BNB was originally called Binance Coin in 2017. The token was officially rebranded simply to 'BNB' in 2022 as part of broader rebranding of Binance Smart Chain to BNB Chain, distancing the protocol from the Binance exchange brand.
What's the BNB burn schedule?
Binance conducts quarterly burns of BNB based on a formula tied to BNB price and BSC block production. The goal is to reduce total BNB supply from the original 200 million to 100 million over the long term. As of early 2026, supply has been reduced to ~145 million.
Is BNB Chain the same as Ethereum?
BNB Smart Chain is Ethereum-compatible (uses the same EVM bytecode and Solidity smart-contract language) but operates as a separate blockchain with different validators, lower transaction fees and faster block times. Smart contracts deployed on Ethereum can be redeployed on BSC with minor changes.
Are there centralised-exchange risks for BNB?
Yes. BNB's value is partly tied to Binance's continued operation. Major regulatory actions against Binance (US SEC 2023 enforcement, settlements with US DoJ for sanctions violations) have caused short-term BNB drawdowns. Diversification beyond a single exchange's native token is generally advisable.
Can Indian residents buy BNB?
Yes — BNB is listed on most Indian crypto exchanges. 30% capital gains tax + 1% TDS applies. Binance's main exchange does not officially serve Indian residents, but several India-localised crypto exchanges offer BNB trading.
Related markets
Editorial article. Information only — not investment advice. Read our Risk Disclaimer before acting on any market data shown here.