Binance USD Reaches 24-Hour Trading Volume of $20.46 Million (BUSD)

Binance USD (BUSD) traded 0.1% lower against the US dollar during the one day period ending at 8:00 AM E.T. on June 8th. One Binance USD token can now be bought for about $1.00 or 0.00001443 BTC on popular exchanges. Binance USD has a market capitalization of $70.53 million and approximately $20.46 million worth of Binance USD was traded on exchanges in the last day. Over the last week, Binance USD has traded up 0.1% against the US dollar.

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

  • KILT Protocol (KILT) traded down 3.7% against the dollar and now trades at $0.24 or 0.00000353 BTC.
  • 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 1.9% lower against the dollar and now trades at $0.0100 or 0.00000014 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 70,511,448 tokens. Binance USD’s official website is www.binance.com/en/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official message board for Binance USD is coinmarketcap.com/community/profile/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Binance USD Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to trade Binance USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Binance USD using one of the exchanges listed above.

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