Wrapped BNB Achieves Market Capitalization of $911.63 Million (WBNB)

Wrapped BNB (WBNB) traded down 0.2% against the dollar during the 24 hour period ending at 13:00 PM Eastern on November 1st. One Wrapped BNB token can currently be purchased for about $575.93 or 0.00822329 BTC on popular exchanges. Over the last seven days, Wrapped BNB has traded 2.3% lower against the dollar. Wrapped BNB has a market capitalization of $911.63 million and $178.91 million worth of Wrapped BNB was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over 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 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 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.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% lower against the dollar and now trades at $70,219.48 or 1.00261415 BTC.
• SolvBTC (SOLVBTC) traded down 0.6% against the dollar and now trades at $69,995.50 or 0.99941615 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Wrapped BNB

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. Wrapped BNB’s official website 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 purchase alternative cryptocurrencies such as Wrapped BNB directly using US dollars. Investors seeking to acquire Wrapped BNB should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Wrapped BNB using one of the aforementioned exchanges.

WBNB/USD price chart by TradingView