Binance USD (BUSD) 24-Hour Volume Reaches $8.81 Million

Binance USD (BUSD) traded up 0.1% against the US dollar during the one day period ending at 12:00 PM Eastern on November 10th. During the last week, Binance USD has traded 0.2% higher against the US dollar. One Binance USD token can currently be purchased for approximately $1.00 or 0.00001255 BTC on exchanges. Binance USD has a market cap of $68.36 million and $8.81 million worth of Binance USD was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4.9% higher against the dollar and now trades at $79,679.61 or 0.99805051 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4.5% higher against the dollar and now trades at $79,410.16 or 0.99467533 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

Binance USD was first traded on September 10th, 2019. Binance USD’s total supply is 68,223,481 tokens. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official website for Binance USD is www.binance.com/en/busd. Binance USD’s official message board is coinmarketcap.com/community/profile/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Binance USD Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to acquire Binance USD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView