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Information about Binance Coin (BNB)
BNB is Binance Coin, a cryptocurrency issued and traded by the Binance exchange.
BNB launched through an initial coin offering in 2017, 11 days before the cryptocurrency exchange Binance. Initially, BNB was issued as an ERC-20 token running on the Ethereum network, with a maximum total supply of 200 million coins and 100 million BNB offered during the ICO. However, the ERC-20 BNB coin was swapped for 1:1 BEP2 BNB in April 2019 with the official Binance Chain network launch and is no longer hosted on Ethereum.
BNB can be used as a payment method, a utility token to pay fees on the Binance exchange, and to participate in the token sale on the Binance Launchpad. BNB also powers Binance DEX (a decentralized exchange).
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Changpeng Zhao, better known as CZ, has made history as the first crypto CEO to exceed 10 million followers on X. He founded Binance in 2017, creating a leading global crypto exchange.
Despite stepping down in 2023 and facing a significant fine due to AML violations, CZ continues to engage with the crypto community and has been vocal about issues like bot accounts and impersonation on the platform.
Since March 15, 2025, BNB Chain has led the DEX market with over 30% share, generating around 1.6 million USD daily from meme coin activities. Recent security issues have not significantly shaken confidence, as DEXs like PancakeSwap thrive, reflecting robust market support.
Binance received an appreciation award from the Singapore Police for combating cybercrime at the APPACT annual dinner, highlighting its essential role in the cybersecurity landscape.
The firm’s cybersecurity initiatives extend internationally, having also been recognized in Thailand and Indonesia for its significant contributions in digital safety.
BNB has shown significant improvement as a leading layer 1 blockchain despite 6.4 billion USD in crypto outflows over the last five weeks. Its trading volume has surpassed that of Solana, showcasing its dominance in the market.
Bitcoin’s price is currently displaying a narrow trading channel, which could indicate a potential for a significant movement in either direction. The Bitcoin ‘super trend’ indicates bullish sentiment as it remains positive above 74,500 USD.
Large investors are exhibiting caution, with 400 million USD in profits from a whale short. Reports suggest North Korea holds 1.4 billion USD in Bitcoin, and additional developments include the suspension of OKX’s decentralized exchange services following a hack.
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