Binance Coin Historical Price Charts – BNB Price History - FX LeadersFX Leaders

Binance Coin Historical Price Charts – BNB Price History

Posted Wednesday, January 20, 2021 by
Arslan Butt • 3 min read

Binance Coin is the crypto-coin issued by the Binance exchange, and it trades under the symbol BNB. Binance Coin runs on the Ethereum blockchain with ERC 20 standard, but it will be soon transferred to the main Binance Chain. Basically, the word Binance originates from the words “Binary” and “Finance.” It has two concepts.

1: It is one of the world’s leading cryptocurrency exchanges.

2: The BNB Coin is a cryptocurrency that can be used as an intermediary when exchanging money from one crypto-coin to another.

In 2017, ChangPeng Zhao established a Chinese company called Beijie Technology. Beijie is the holding company that runs the Binance exchange. The company headquarters is currently located in Hong Kong. Together with the Binance team, Zhao has been working to boost the growth of the platform into one of the world’s most successful exchanges.

To fund the creation of the exchange platform, the Binance team created a token and raised funds through an Initial Coin Offering. With the help of ICO, they earned almost $ 15 million, which was enough to cover the startup expenses, like hiring new developers, marketing, and bolstering the security of the exchange servers.

It is worth mentioning that the initial total supply of BNB was defined as 200 million BNB tokens, but due to the regular coin burn events, the supply has been slowly decreasing. The Binance coin is expected to boost the Binance exchange operations and its ecosystem. Binance coin is used as a utility token that allows users to receive discounts when paying their trading fees, exchange fees, listing fees, and any other fees on the Binance exchange.

You can also make meaningful donations to charity through the Binance Charity Foundation (BCF) project. BNB will be used as gas on the Binance Chain and the Binance Decentralized Exchange (DEX) shortly. As of now, you can buy BNB directly on the Binance exchange.

The Binance coin’s first-year launch proposal gives a 50% discount on any trades through the Binance coin, but the discount percentage starts to decrease each year thereafter. The second-year discount is 25%, the third-year discount is 12.5%, and the fourth-year discount is 6.25%, with the discount ending from the fifth year onwards.

Binance coins can also use certain ICOs that are listed through Binance’s Launchpad program for investing. New cryptocurrencies will list on the Binance exchange, and the use of Binance will provide a seamless marketplace for trading in a variety of established and new virtual tokens.

The Binance token has also gained support from other partnerships, which has helped to spread its usage. It includes a partnership with Asia’s premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user-base. Meanwhile, the Binance coin has received additional support from the platform, the mobile app, the VISA debit card, the pioneering payments and the cryptocurrency platform.

How to Purchase the Binance (BNB) Coin?

 

You will have to consider two situations if you want to purchase Binance (BNB) Tokens.

  • How to buy BNB tokens, if you already own another cryptocurrency
  • The process to follow if you have never owned any crypto coins.

Major Factors that Influence the Binance Coin – BNB:

Many cryptocurrencies are currently uncontrolled by governments and central banks. However, if there are any changes in the coming years, this could impact the value of Binance.

 

BNB

 

Historical Data Table:

Binance Coin (BNB) Historical Price Data

Jan 04, 202138.563241.372742.348238.56326.78M
Jan 03, 202141.218138.221841.218137.97924.90M
Jan 02, 202138.244437.661338.778037.09683.02M
Jan 01, 202137.726037.362038.637637.06602.43M
Dec 31, 202037.330538.165738.165736.80351.89M
Dec 30, 202038.088739.127139.127137.09012.42M
Dec 29, 202039.102635.968639.102635.96867.02M
Dec 28, 202035.936633.643135.936633.64314.12M
Dec 27, 202033.639533.598234.580033.23273.75M
Dec 26, 202033.582033.196733.630532.92282.42M
Dec 25, 202033.181132.499333.262032.32152.60M
Dec 24, 202032.516331.188832.516330.74993.00M
Dec 23, 202031.193733.474434.339731.19373.94M
Dec 22, 202033.532632.049933.532631.71913.57M
Dec 21, 202032.162134.179635.588831.58314.55M
Dec 20, 202034.267433.283235.187333.28324.48M
Dec 19, 202033.303030.923233.952130.92324.12M
Dec 18, 202030.957130.201130.957130.20112.04M
Dec 17, 202030.218730.480931.287230.20063.27M
Dec 16, 202030.568029.497330.579529.10502.16M
Dec 15, 202029.518930.050430.050429.42231.62M
Dec 14, 202030.028829.110930.028828.78792.03M
Dec 13, 202029.134028.167629.192228.15521.64M
Dec 12, 202028.140027.309828.140027.30981.30M
Dec 11, 202027.328527.724027.724027.02431.25M
Dec 10, 202027.659528.161928.161927.58561.34M
Dec 09, 202028.150927.661328.256227.45811.64M
Dec 08, 202027.675829.337229.351627.60651.84M
Dec 07, 202029.365029.488329.531629.28451.23M
Dec 06, 202029.500029.691729.691729.16791.33M
Dec 05, 202029.731229.004029.859829.00401.83M

 

Monthly Change

DatePriceOpenHighLowChange %
Jan 2138.496737.362042.348237.066015.70M
Dec 2037.330531.491338.615727.024382.43M
Nov 2031.499528.420134.712626.268080.46M
Oct 2028.514229.267631.983726.368282.14M
Sep 2029.270523.151133.002418.6343145.96M
Aug 2023.140120.706623.741320.219377.80M
Jul 2020.672115.392920.679315.085468.89M
Jun 2015.413117.084518.200014.835752.13M
May 2017.115816.949618.173214.019084.21M
Apr 2017.016712.568518.119711.9761117.76M
Mar 2012.550019.230021.75136.4039136.75M
Feb 2019.253418.283927.176317.736880.63M
Jan 2018.230613.712218.851412.980951.86M
Dec 1913.715015.703015.839212.155738.45M
Nov 1915.719019.865121.782313.902247.04M
Oct 1919.903815.833621.178514.889453.66M
Sep 1915.835021.057223.521314.454144.58M
Aug 1921.060427.724931.824120.979043.93M
Jul 1927.731331.783434.352524.186771.13M
Jun 1932.099932.919639.561028.732793.74M
May 1932.930322.030035.472418.3322104.06M
Apr 1922.042917.500125.489916.315683.85M
Mar 1917.530710.274117.720010.2441115.04M

 

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.