Wrapped BNB Reaches Market Capitalization of $1.15 Billion (WBNB)

Wrapped BNB (WBNB) traded up 12% against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on December 4th. One Wrapped BNB token can now be bought for approximately $728.32 or 0.00767345 BTC on popular exchanges. During the last week, Wrapped BNB has traded 14.5% higher against the U.S. dollar. Wrapped BNB has a total market capitalization of $1.15 billion and $810.59 million worth of Wrapped BNB was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

• 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 down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.5% higher against the dollar and now trades at $95,013.69 or 1.00105080 BTC.
• SolvBTC (SOLVBTC) traded 0.4% lower against the dollar and now trades at $94,722.47 or 0.99798256 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.

Wrapped BNB Profile

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

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 possible to buy alternative cryptocurrencies such as Wrapped BNB directly using US dollars. Investors seeking to acquire Wrapped BNB should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Wrapped BNB using one of the exchanges listed above.

WBNB/USD price chart by TradingView