Binance is the largest cryptocurrency exchange globally by daily trading volume. The Binance network's native cryptocurrency $BNB is the top 10 cryptocurrency by market capitalization.
Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind the name $BNB is to denote this new paradigm in global finance which is Binary Finance, or Binance.
Apart from being the largest crypto exchange globally, Binance has launched an entire ecosystem of functions for its users. The Binance Network includes Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects, all of which are using the power of blockchain technology to bring new age finance to the world.
Binance has its own utility crypto token called Binance Coin or BNB Coin. This crypto is one of the top cryptocurrencies and investors always pay attention to its price movements. Following, the performance of BNB Coin in today's trading, Monday (13/11/2023).
Based on data from Coinmarketcap, BNB Coin weakened 0.18 percent in the last 24 hours. The BNB Coin price is currently at IDR 3.92 with a trading volume in the last 24 hours of IDR 11.2 trillion.
Meanwhile, the current Coinmarketcap rank is 4. BNB Coin has a market capitalization of around IDR 594.6 trillion. To date, there has been a circulating supply of 159.9 million BNB Coins out of a maximum supply of 200 million BNB Coins.
Who is the Founder of BNB?
Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of futures trading development. He spent four years with the company and then joined Fusion Systems as a partner.
Since 2013, Changpeng Zhao has been actively involved with blockchain technology and $BNB . He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the company's CEO ever since.
