Being one of the world’s largest cryptocurrencies in terms of market cap, BNB has been breaking records on an almost daily basis and we listed it just in time to add it to your portfolio.
About Binance Coin (BNB)
Binance Coin (BNB) is the ecosystem token of Binance and is, in many regards, similar to our own ecosystem token BEST. Originally issued as an ERC20 token in June 2017 during an ICO, Binance migrated BNB coin to its own Binance Chain in April 2019. Just like Bitpanda’s ecosystem token BEST, BNB coin is burned on a quarterly basis, ensuring a steadily-decreasing supply.
Binance Chain is a blockchain software system that can be used for sending and receiving BNB, issuing new tokens, for burning, minting, freezing and unfreezing tokens and proposals for the creation of trading pairs of two different tokens. Binance Chain also powers Binance Smart Chain, a blockchain featuring smart contract functionality while running in parallel with Binance Chain.
Bitpanda users will be able to buy and sell BNB on Bitpanda and we are planning on adding the deposit and withdraw functions in due time.
Why should you trade BNB on Bitpanda?
Up to now, investing in BNB has been limited to just a few other exchanges besides BNB’s native exchange Binance - so, this is your chance to start trading BNB on Bitpanda. BNB is a much sought-after token that has skyrocketed in popularity recently. On Bitpanda, BNB has been available as part of our Bitpanda Crypto Index products (BCI5, BCI10, BCI25), but now, you can also trade it individually. This means that you can create a weekly, bi-weekly or monthly savings plan for just BNB or even pay in the supermarket with it using your Bitpanda Card.
So, don’t wait and add Binance Coin (BNB) to your Bitpanda portfolio of digital assets today.
