Binance USD Hits Market Cap of $6.98 Billion (BUSD) – Watch List News
Binance USD (CURRENCY:BUSD) traded up 0% against the dollar during the one day period ending at 7:00 AM E.T. on May 1st. During the last week, Binance USD has traded 0% lower against the dollar. 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 now be bought for $1.00 or 0.00001734 BTC on popular cryptocurrency exchanges.
Here is how related 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 4.2% higher 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 down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
- PancakeSwap (CAKE) traded down 5.1% against the dollar and now trades at $40.76 or 0.00070696 BTC.
- Aave (AAVE) traded up 8% 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 up 2.2% 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 10.3% higher against the dollar and now trades at $4,644.44 or 0.08055314 BTC.
About Binance USD
BUSD is a coin. It was first traded on September 10th, 2019. Binance USD’s total supply is 6,976,260,604 coins. Binance USD’s official website is www.paxos.com/busd. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. The official message board for Binance USD 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 purchase alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to acquire Binance USD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Binance USD using one of the aforementioned exchanges.
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