• BNB has moved inches closer to its previous ATH.

• BNB/USDT chart shows an uptrend.

Based on daily trading volume Binance is currently the biggest cryptocurrency exchange. It was founded by Changpeng Zhao (CEO), and He Yi (co-founder, chief marketing officer).

Binance launched its coin (BNB) in July 2017. BNB was established on the ERC-20 ethereum chain but later established its own blockchain – Binance smart chain.

Several other coins have been launched on the Binance smart-chain block. The BEP-20 network is secured by proof-of-work (PoW) instead of the proof-of-stake used by Bitcoin.

Binance offers a range of services. These include Binance Smart Chains, Trust Wallets, Binance Chains, Research projects and Binance Academy. Binance has a competitive edge because of its drive to develop.

BNB trades daily in excess of $2.8 billion. BNB has a total supply of over 166 million, all of which are currently in circulation. It has a market cap of over $105 billion. According to CoinMarketCap, it is ranked 3rd.

Binance coin (BNB) ranges in price between $604. 87 and $635. 13 currently. Its all time low was $0. 09611, on August 01, 2017. An all-time high was recorded at $690. 93 on May 10, 2021.

Summary

The drive to develop led to the creation the Binance network which includes the Binance smart chain and Trust Wallet. Based on daily trading volume, Binance ranks as the largest cryptocurrency exchange worldwide.