Binance Coin Price

Binance Coin is the native cryptocurrency of the BNB Chain ecosystem. It was initially launched in 2017 as an ERC-20 token on Ethereum, but later migrated to its own blockchain. Binance Coin serves multiple purposes within the ecosystem: 1. Transaction fees: Used to pay for transactions on BNB Chain and BNB Smart Chain. 2. Utility token: Provides various benefits and discounts within the ecosystem. 3. Governance: Holders can participate in governance decisions on BNB Chain. 4. Smart contract fuel: Powers smart contracts and dApps on BNB Smart Chain. As of 2026-02-05, Binance Coin has a market cap of $95.3B, ranking 4 among all cryptocurrencies. Its current price is $698.9, with a 24-hour trading volume of $18.81M. The circulating supply is 136.35M BNB BNB, out of a total supply of 136.35M BNB BNB. Binance Coin has gained significant adoption since its launch, becoming one of the largest cryptocurrencies by market capitalization. It's widely used in decentralized finance (DeFi) applications, NFT marketplaces, and various other blockchain-based projects built on the BNB Chain ecosystem.

Binance Coin was created on July 25, 2017. It was initially launched as an ERC-20 token on the Ethereum blockchain during Binance's initial coin offering (ICO). The ICO price was $0.15 per token. In April 2019, Binance Coin migrated to its own blockchain, Binance Chain, and later in September 2020, Binance Smart Chain was launched, which now serves as the primary network for Binance Coin. Since its creation, Binance Coin has become one of the leading cryptocurrencies, currently ranking 4 by market capitalization with a price of $698.9 as of 2026-02-05.

The founders of Binance Coin are Changpeng Zhao (CZ) and Yi He. They co-founded Binance, the company behind BNB, in 2017. Changpeng Zhao serves as the CEO of Binance and is widely recognized as the face of the company and the BNB ecosystem. Yi He is a co-founder and Chief Marketing Officer (CMO) of Binance. Together, they launched BNB as the native token of the Binance ecosystem, which has since grown to become one of the largest cryptocurrencies by market capitalization, currently ranked 4 with a market cap of $95.3B. The founders' vision for BNB was to create a utility token that would power the Binance ecosystem and provide various benefits to users across multiple platforms and services.

Binance Coin operates on the Binance Smart Chain (BSC) using a Proof of Staked Authority (PoSA) consensus mechanism. This hybrid model combines elements of Proof of Stake and Proof of Authority. Validators stake BNB tokens to participate in block production and validation. The network elects 21 active validators daily, who take turns creating blocks and earning BNB rewards. This system allows for fast transactions and low fees while maintaining network security. BNB serves multiple functions within the Binance ecosystem: 1. Gas fee payment on BSC 2. Trading fee discounts on Binance exchange 3. Participation in token sales on Binance Launchpad 4. Payments for goods and services with partnered merchants The total supply of BNB is capped at 200M BNB, with regular token burns reducing circulating supply over time. As of 2026-02-05, BNB has a market cap of $95.3B and ranks 4 among all cryptocurrencies. Its current price is $698.9, with a 24-hour trading volume of $18.81M.

Binance Coin utilizes a dual-chain architecture consisting of the Binance Chain and Binance Smart Chain (BSC). The Binance Chain focuses on fast trading and uses the Tendermint consensus algorithm. BSC runs in parallel and is EVM-compatible, using a Proof of Staked Authority (PoSA) consensus mechanism. This allows for smart contract functionality while maintaining high throughput and low fees. Binance Coin tokens can exist as BEP-2 on Binance Chain or BEP-20 on BSC. The cross-chain compatibility enables seamless transfers between the two chains. This dual-chain approach allows Binance Coin to serve as both a medium of exchange and fuel for decentralized applications, combining speed, scalability, and smart contract capabilities.

The future of Binance Coin looks promising with several key developments on its roadmap: 1. Expansion of BNB Chain ecosystem: Binance Coin aims to enhance scalability and interoperability of the BNB Chain, supporting more decentralized applications and services. 2. BNB Beacon Chain upgrade: Planned improvements to increase transaction speed and reduce fees on the BNB Beacon Chain. 3. Cross-chain integration: Further development of cross-chain bridges to connect BNB Chain with other major blockchain networks. 4. DeFi and NFT growth: Continued focus on supporting decentralized finance and non-fungible token projects within the BNB ecosystem. 5. Sustainability initiatives: Implementation of more eco-friendly consensus mechanisms and carbon offset programs. 6. Regulatory compliance: Ongoing efforts to ensure Binance Coin meets global regulatory standards. 7. Community governance: Enhanced participation of BNB holders in decision-making processes. 8. Price projections: - 2027: $849.77 - 2031: $1,032.25 - 2036: -- These developments aim to strengthen Binance Coin's position in the crypto market and drive long-term value growth.