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Ethereum is a decentralized computing platform capable of running various applications, including a vast array of decentralised finance (DeFi) apps and services. As the largest cryptocurrency, BTC trends often have an impact on the entire crypto market, making it essential for investors to stay up-to-date with the latest news and price movements.Įthereum (ETH), the second-largest cryptocurrency by market cap, is also one of the most commonly used computing platforms. BTC has seen a change of -0.99% in its price over the last 24 hours. We accept a diverse range of currencies, making it effortless for users to purchase crypto using fiat currencies such as USD, EUR, CNY, AUD, INR, RUB, and others.Ĭheck out the latest conversion rates of popular cryptocurrencies such as Bitcoin, Ethereum, Cardano, Solana, and Dogecoin, as well as common trading pairs such as BTC/USD to get a real-time market overview.īitcoin (BTC), the world's largest cryptocurrency, is currently trading at $27464.99, with a market cap of $534,537,385,279.101 and a circulating supply of 19,505,081. Our team works exclusively with verified and trusted partners to ensure a secure and seamless experience for users to buy crypto on our platform. By December, BUSD’s market cap reached $19 billion.Binance offers a variety of payment methods for users to purchase cryptocurrencies, including bank transfers, credit and debit cards, peer to peer trade, etc.

In May 2022, BUSD became the 4 th largest stablecoin within the crypto market.

Binance Exchange’s American headquarters have added BUSD as a trading pair for a variety of cryptocurrencies.

In April 2021, Binance Exchange announced that nearly more than 400 dApps support BUSD.

The next month, BUSD holders got interest-bearing accounts that incentivize them based on the size of their holdings.

The lending and borrowing services using BUSD started on the Binance platform in March 2021.

Thus, it became possible for users to earn stake rewards with BUSD.

In December 2020, BUSD became the base currency for Binance’s staking program.

In November 2020, Binance started BUSD-settled perpetual contracts to help users trade with leverage.

On March 11, 2020, the price of Binance USD touched both its all-time high and all-time low within just 24 hours, according to crypto data sites.

During the crypto market’s flash crash in March 2020, the value of the BUSD deviated sharply from the $1 mark.

In April 2020, BUSD became a collateral option for digital assets on the Binance exchange.

Around the same time, the project announced a 3% cashback in Binance Coin.

By the end of 2019, BUSD had joined the list of trading pairs available on Binance.

The next month, Binance added BUSD as a deposit and withdrawal option on its exchange platform.

Binance USD came into existence in September 2019.

Here’s all that has happened in the Binance USD coin’s lifecycle:

Ever since 2021, this project has expanded beyond expectations and turned into an ecosystem. This makes BUSD a preferred coin for several decentralized finance activities. This mechanism separates BUSD from other stablecoins in the crypto industry that have a regular minting schedule.Įvidently, the BUSD’s total market capitalization becomes a clear indication of its demand. To maintain the 1:1 ratio of BUSD and US dollars held in reserves, this stablecoin utilizes a deflationary mechanism.

When someone withdraws BUSD, it leads to the burning of tokens. This means that for every BUSD that Paxos creates, it holds the same amount in its reserve. The crypto infrastructure company Paxos issues BUSD, and to support its value, it also holds an equal amount of US dollars relative to its total supply. The BUSD has a distinct tokenomics based on its partnership with Paxos.