Wrapped BNB Market Capitalization Tops $945.75 Million (WBNB)

Wrapped BNB (WBNB) traded 0.4% higher against the dollar during the 1-day period ending at 9:00 AM E.T. on October 19th. One Wrapped BNB token can now be bought for about $597.49 or 0.00876966 BTC on popular cryptocurrency exchanges. Wrapped BNB has a total market capitalization of $945.75 million and approximately $123.00 million worth of Wrapped BNB was traded on exchanges in the last 24 hours. In the last week, Wrapped BNB has traded up 3.6% against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 1.2% higher 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.
• Lumi Credits (LUMI) traded up 8.9% 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.
• MVP Coin (MVP) traded 44.5% higher against the dollar and now trades at $0.0714 or 0.00000105 BTC.
• P2P Solutions foundation (P2PS) traded up 0.4% against the dollar and now trades at $170.45 or 0.00250175 BTC.

Wrapped BNB Token Profile

Wrapped BNB was first traded on September 4th, 2020. Wrapped BNB’s total supply is 1,582,885 tokens. The official website for Wrapped BNB is www.binance.org. Wrapped BNB’s official Twitter account is @binance_dex.

According to CryptoCompare, “Wrapped BNB (WBNB) was created to enable Binance Coin (BNB) to be used within the Binance Smart Chain’s DeFi ecosystem by making it BEP-20 compliant. This allows WBNB to interact with decentralised applications, smart contracts, and other tokens on BSC, significantly expanding its utility.”

Buying and Selling Wrapped BNB

It is usually not currently possible to purchase alternative cryptocurrencies such as Wrapped BNB directly using U.S. dollars. Investors seeking to trade Wrapped BNB should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Wrapped BNB using one of the exchanges listed above.

WBNB/USD price chart by TradingView