Wrapped BNB (WBNB) Reaches Market Cap of $869.68 Million

Wrapped BNB (WBNB) traded down 3.8% against the dollar during the one day period ending at 21:00 PM Eastern on October 1st. Wrapped BNB has a market cap of $869.68 million and approximately $314.12 million worth of Wrapped BNB was traded on exchanges in the last 24 hours. One Wrapped BNB token can currently be purchased for approximately $549.43 or 0.00897315 BTC on popular exchanges. In the last week, Wrapped BNB has traded down 9.2% against the dollar.

Here is how other cryptocurrencies have performed in 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 down 2.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 9.8% lower against the dollar and now trades at $0.0444 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 5.8% lower against the dollar and now trades at $159.62 or 0.00260696 BTC.

About Wrapped BNB

Wrapped BNB launched 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 possible to buy alternative cryptocurrencies such as Wrapped BNB directly using U.S. dollars. Investors seeking to trade Wrapped BNB should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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