About BNB

BNBUSDT represents a trading pair on the Binance platform, where Binance Coin (BNB) is paired with Tether (USDT), a stablecoin pegged to the US dollar. Binance, a leading cryptocurrency exchange, facilitates the trading of various cryptocurrencies exclusively against one another, without the option to trade against fiat currencies. Established with a focus on global reach and headquartered in Malta, Binance has quickly gained traction, achieving a daily trading volume that fluctuates between 1.5 billion and 2 billion US dollars. The total supply of BNB is capped at 200 million coins, with a significant portion allocated during its initial coin offering (ICO) and the remainder distributed to the team and early investors. BNB serves multiple functions within the Binance ecosystem, primarily allowing users to pay for trading and transaction fees at a discounted rate. The fee structure incentivizes users to utilize BNB for transactions, offering substantial discounts that decrease over time. In addition to its utility in fee payments, Binance has implemented a buyback and burn strategy, where a portion of BNB is repurchased and permanently removed from circulation, thereby enhancing the value of the remaining tokens. This approach not only benefits investors but also solidifies BNB's role as a key asset within the Binance trading environment.