Binance USD Achieves Market Capitalization of $6.98 Billion (BUSD) – American Banking News
Binance USD (CURRENCY:BUSD) traded 0% higher against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on May 1st. Binance USD has a market capitalization of $6.98 billion and $6.16 billion worth of Binance USD was traded on exchanges in the last 24 hours. One Binance USD coin can currently be purchased for $1.00 or 0.00001734 BTC on cryptocurrency exchanges. During the last week, Binance USD has traded down 0% against the U.S. dollar.
Here’s how similar cryptocurrencies have performed during the last 24 hours:
- Chainlink (LINK) traded 2.1% higher against the dollar and now trades at $38.50 or 0.00066776 BTC.
- THETA (THETA) traded up 4.2% against the dollar and now trades at $11.41 or 0.00019794 BTC.
- DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
- DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
- PancakeSwap (CAKE) traded 5.1% lower against the dollar and now trades at $40.76 or 0.00070696 BTC.
- Aave (AAVE) traded 8% higher against the dollar and now trades at $469.05 or 0.00813524 BTC.
- FTX Token (FTT) traded 3.1% higher against the dollar and now trades at $55.13 or 0.00095612 BTC.
- Crypto.com Coin (CRO) traded 2.2% higher against the dollar and now trades at $0.19 or 0.00000336 BTC.
- Huobi Token (HT) traded 11.7% higher against the dollar and now trades at $25.57 or 0.00044342 BTC.
- Maker (MKR) traded up 10.3% against the dollar and now trades at $4,644.44 or 0.08055314 BTC.
Binance USD Coin Profile
BUSD is a coin. It was first traded on September 10th, 2019. Binance USD’s total supply is 6,976,260,604 coins. The official website for Binance USD is www.paxos.com/busd. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. Binance USD’s official message board is medium.com/Paxos.
According to CryptoCompare, “Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come. BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account. “
Buying and Selling Binance USD
It is usually not presently possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to trade Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the aforementioned exchanges.
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