The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. On July 29, 2025, for example, a single BNB coin was worth more than 822.28 U.S. dollars - a value that is very different from the all-time high of 822.28 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH), a cryptocurrency where BNB initially originated in 2017 before coming to its own years later.BNB's history: From a reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin, or BNB, originally started as an extension of the Binance.com trading platform, the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain, or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021, partly due to traffic overload and high gas prices on Ethereum, as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum. The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi, or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games, like Alien Worlds and Axie Infinity, run on the blockchain behind BNB.
In 2021 Binance's cryptocurrency reached a market cap of more than ** billion U.S. dollars twice, after being worth less than * billion in 2020. Indeed, the digital coin's market cap rally in 2021 places it in the top three of cryptocurrencies with the highest market cap. The latest increase follows after the BNB price increased due to speculation that the demand for the coin would increase as Binance created a *********** U.S. dollar fund for new DeFi (decentralized finance) applications to be built within their own blockchain - called Binance Smart Chain or BSC.
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Bulgaria Foreign Exchange Rate: BNB: US Dollar data was reported at 1.720 USD/BGN in Apr 2025. This records a decrease from the previous number of 1.808 USD/BGN for Mar 2025. Bulgaria Foreign Exchange Rate: BNB: US Dollar data is updated monthly, averaging 1.667 USD/BGN from Jul 1999 (Median) to Apr 2025, with 310 observations. The data reached an all-time high of 2.324 USD/BGN in Oct 2000 and a record low of 1.237 USD/BGN in Mar 2008. Bulgaria Foreign Exchange Rate: BNB: US Dollar data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.M007: Foreign Exchange Rates.
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Bulgaria Foreign Exchange Rate: BNB: Euro data was reported at 1.956 EUR/BGN in Apr 2025. This stayed constant from the previous number of 1.956 EUR/BGN for Mar 2025. Bulgaria Foreign Exchange Rate: BNB: Euro data is updated monthly, averaging 1.956 EUR/BGN from Jul 1999 (Median) to Apr 2025, with 310 observations. The data reached an all-time high of 1.956 EUR/BGN in Apr 2025 and a record low of 1.956 EUR/BGN in Apr 2025. Bulgaria Foreign Exchange Rate: BNB: Euro data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.M007: Foreign Exchange Rates. Ever since 1997 the BGN has been pegged to the EUR at a fixed rate of 1.95583.
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Bulgaria BNB: FA: IR: Repurchase Agreement in Foreign Currency data was reported at 0.000 BGN th in Feb 2023. This stayed constant from the previous number of 0.000 BGN th for Jan 2023. Bulgaria BNB: FA: IR: Repurchase Agreement in Foreign Currency data is updated monthly, averaging 0.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 0.000 BGN th in Feb 2023 and a record low of 0.000 BGN th in Feb 2023. Bulgaria BNB: FA: IR: Repurchase Agreement in Foreign Currency data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
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Bulgaria BNB: FA: IR: Monetary Gold: in BNB Treasure data was reported at 1,720,813.000 BGN th in Feb 2023. This records a decrease from the previous number of 1,778,940.000 BGN th for Jan 2023. Bulgaria BNB: FA: IR: Monetary Gold: in BNB Treasure data is updated monthly, averaging 694,927.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 1,820,805.000 BGN th in Apr 2022 and a record low of 21,874.000 BGN th in Dec 1995. Bulgaria BNB: FA: IR: Monetary Gold: in BNB Treasure data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
Crypto trader Binance ranked among the largest cryptocurrency exchangers in the world in 2024, with trading volume that was about four times as high as Bybit or OKX. It should be noted that these figures are separate from platforms Binance.US, Binance TR, or Binance.KR. The platform from the Cayman Islands faced investigations from the U.S. SEC, which came to a head in November 2023. Binance did not rank as the most used cryptocurrency exchanges used by consumers in the United States. Binance's settlement with the U.S. In November 2023, Binance agreed to pay a four billion U.S. dollar settlement with United States agencies — one of the biggest corporate fines in U.S. history. The U.S. Department of Justice investigated the platform for years for failure to prevent money laundering and growing crypto theft. The company's founder and CEO Changpeng Zhao pleaded guilty to the charges, agreeing to step down. Zhao would remain as the company's majority shareholder. The U.S. Treasury announced Binance will be subject to five years of monitoring and “significant compliance undertakings, including to ensure Binance’s complete exit from the United States.” Mixed signals from crypto companies The Binance settlement occurred in a month when overall crypto trading volume recorded its highest numbers for all of 2023. One of the main causes is the sudden popularity of FTT, a token released by FTX — the company founded by Sam Bankman-Fried. The developments surrounding Binance caused investors to move away from Binance's stablecoin BNB to the stablecoin from FTX. Earlier in November 2023, however, Coinbase saw its shares fall after announcing its quarterly performance figures.
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Bulgaria BNB: Banking Dept: Assets: Deposit with Issue Department data was reported at 14,447,833.000 BGN th in Apr 2025. This records a decrease from the previous number of 14,702,696.000 BGN th for Mar 2025. Bulgaria BNB: Banking Dept: Assets: Deposit with Issue Department data is updated monthly, averaging 5,125,975.000 BGN th from Jul 1997 (Median) to Apr 2025, with 334 observations. The data reached an all-time high of 15,224,637.000 BGN th in Aug 2024 and a record low of 506,127.000 BGN th in Dec 1997. Bulgaria BNB: Banking Dept: Assets: Deposit with Issue Department data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB015: Balance Sheet: Bulgarian National Bank.
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Bulgaria BNB: FA: International Reserves (IR) data was reported at 71,271,210.000 BGN th in Feb 2023. This records an increase from the previous number of 71,256,671.000 BGN th for Jan 2023. Bulgaria BNB: FA: International Reserves (IR) data is updated monthly, averaging 23,937,326.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 75,161,689.000 BGN th in Dec 2022 and a record low of 75,116.000 BGN th in Mar 1996. Bulgaria BNB: FA: International Reserves (IR) data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
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Bulgaria BNB: Banking Dept: LE: Liabilities: Borrowings from IMF data was reported at 0.000 BGN th in Apr 2025. This stayed constant from the previous number of 0.000 BGN th for Mar 2025. Bulgaria BNB: Banking Dept: LE: Liabilities: Borrowings from IMF data is updated monthly, averaging 0.000 BGN th from Jul 1997 (Median) to Apr 2025, with 334 observations. The data reached an all-time high of 2,934,301.000 BGN th in Sep 2000 and a record low of 0.000 BGN th in Apr 2025. Bulgaria BNB: Banking Dept: LE: Liabilities: Borrowings from IMF data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB015: Balance Sheet: Bulgarian National Bank.
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Bulgaria BNB: FA: Others: ON: Deposits data was reported at 0.000 BGN th in Feb 2023. This stayed constant from the previous number of 0.000 BGN th for Jan 2023. Bulgaria BNB: FA: Others: ON: Deposits data is updated monthly, averaging 0.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 35,253.000 BGN th in Feb 1997 and a record low of 0.000 BGN th in Feb 2023. Bulgaria BNB: FA: Others: ON: Deposits data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
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Bulgaria Foreign Exchange Rate: BNB: Canadian Dollar data was reported at 1.244 CAD/BGN in Apr 2025. This records a decrease from the previous number of 1.259 CAD/BGN for Mar 2025. Bulgaria Foreign Exchange Rate: BNB: Canadian Dollar data is updated monthly, averaging 1.333 CAD/BGN from Jul 1999 (Median) to Apr 2025, with 310 observations. The data reached an all-time high of 1.589 CAD/BGN in Jul 2012 and a record low of 1.129 CAD/BGN in Dec 2008. Bulgaria Foreign Exchange Rate: BNB: Canadian Dollar data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.M007: Foreign Exchange Rates.
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Bulgaria BNB: FA: IR: Cash in Foreign Currency data was reported at 734,283.000 BGN th in Feb 2023. This records a decrease from the previous number of 1,089,407.000 BGN th for Jan 2023. Bulgaria BNB: FA: IR: Cash in Foreign Currency data is updated monthly, averaging 77,258.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 6,245,388.000 BGN th in Mar 2021 and a record low of 28.000 BGN th in Feb 1996. Bulgaria BNB: FA: IR: Cash in Foreign Currency data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
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Bulgaria BNB: Banking Dept: LE: Equity: Retained Profit data was reported at 466,666.000 BGN th in Apr 2025. This records a decrease from the previous number of 2,016,351.000 BGN th for Mar 2025. Bulgaria BNB: Banking Dept: LE: Equity: Retained Profit data is updated monthly, averaging 124,582.000 BGN th from Jul 1997 (Median) to Apr 2025, with 334 observations. The data reached an all-time high of 2,016,351.000 BGN th in Mar 2025 and a record low of -303,674.000 BGN th in Mar 2022. Bulgaria BNB: Banking Dept: LE: Equity: Retained Profit data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB015: Balance Sheet: Bulgarian National Bank.
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Bulgaria BNB: AR: Assets: OI: Other Assets: in Foreign Currency o/w Euro data was reported at 184.000 BGN th in Feb 2023. This records a decrease from the previous number of 1,088.000 BGN th for Jan 2023. Bulgaria BNB: AR: Assets: OI: Other Assets: in Foreign Currency o/w Euro data is updated monthly, averaging 85.000 BGN th from Jan 2000 (Median) to Feb 2023, with 278 observations. The data reached an all-time high of 2,478.000 BGN th in Nov 2022 and a record low of 0.000 BGN th in Jan 2004. Bulgaria BNB: AR: Assets: OI: Other Assets: in Foreign Currency o/w Euro data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB023: Balance Sheet: Analytical Presentation: Bulgarian National Bank.
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Bulgaria BNB: AR: Assets: CG: NC: Liabilities data was reported at 14,367,573.000 BGN th in Feb 2023. This records a decrease from the previous number of 14,433,606.000 BGN th for Jan 2023. Bulgaria BNB: AR: Assets: CG: NC: Liabilities data is updated monthly, averaging 4,562,148.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 14,433,606.000 BGN th in Jan 2023 and a record low of 49,436.000 BGN th in Feb 1996. Bulgaria BNB: AR: Assets: CG: NC: Liabilities data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB023: Balance Sheet: Analytical Presentation: Bulgarian National Bank.
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Bulgaria BNB: Banking Dept: Liabilities and Equity (LE) data was reported at 16,730,297.000 BGN th in Apr 2025. This records a decrease from the previous number of 17,035,296.000 BGN th for Mar 2025. Bulgaria BNB: Banking Dept: Liabilities and Equity (LE) data is updated monthly, averaging 6,795,546.500 BGN th from Jul 1997 (Median) to Apr 2025, with 334 observations. The data reached an all-time high of 17,487,071.000 BGN th in Aug 2024 and a record low of 3,412,702.000 BGN th in Apr 2007. Bulgaria BNB: Banking Dept: Liabilities and Equity (LE) data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB015: Balance Sheet: Bulgarian National Bank.
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Bulgaria BNB: AR: Assets: OI: Other Liabilities: in Foreign Currency data was reported at 2,111,585.000 BGN th in Feb 2023. This records an increase from the previous number of 2,100,834.000 BGN th for Jan 2023. Bulgaria BNB: AR: Assets: OI: Other Liabilities: in Foreign Currency data is updated monthly, averaging 1,431,130.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 2,216,137.000 BGN th in Sep 2022 and a record low of -333,354.000 BGN th in Nov 1996. Bulgaria BNB: AR: Assets: OI: Other Liabilities: in Foreign Currency data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KB023: Balance Sheet: Analytical Presentation: Bulgarian National Bank.
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Bulgaria Foreign Exchange Rate: BNB: Indonesian Rupiah data was reported at 1.035 10TH IDR/BGN in Apr 2025. This records a decrease from the previous number of 1.087 10TH IDR/BGN for Mar 2025. Bulgaria Foreign Exchange Rate: BNB: Indonesian Rupiah data is updated monthly, averaging 1.306 10TH IDR/BGN from May 2005 (Median) to Apr 2025, with 240 observations. The data reached an all-time high of 1.794 10TH IDR/BGN in Feb 2006 and a record low of 1.035 10TH IDR/BGN in Apr 2025. Bulgaria Foreign Exchange Rate: BNB: Indonesian Rupiah data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.M007: Foreign Exchange Rates.
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Bulgaria BNB: FA: IR: SDR Holdings data was reported at 3,633,124.000 BGN th in Feb 2023. This records an increase from the previous number of 3,612,584.000 BGN th for Jan 2023. Bulgaria BNB: FA: IR: SDR Holdings data is updated monthly, averaging 284,751.000 BGN th from Dec 1995 (Median) to Feb 2023, with 327 observations. The data reached an all-time high of 3,809,445.000 BGN th in Sep 2022 and a record low of 133.000 BGN th in Nov 1997. Bulgaria BNB: FA: IR: SDR Holdings data remains active status in CEIC and is reported by Bulgarian National Bank. The data is categorized under Global Database’s Bulgaria – Table BG.KA005: National Bank Foreign Assets and Liabilities.
The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. On July 29, 2025, for example, a single BNB coin was worth more than 822.28 U.S. dollars - a value that is very different from the all-time high of 822.28 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH), a cryptocurrency where BNB initially originated in 2017 before coming to its own years later.BNB's history: From a reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin, or BNB, originally started as an extension of the Binance.com trading platform, the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain, or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021, partly due to traffic overload and high gas prices on Ethereum, as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum. The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi, or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games, like Alien Worlds and Axie Infinity, run on the blockchain behind BNB.