Binance USD (BUSD) Tops 24-Hour Trading Volume of $5.01 Billion

   2021-10-23 11:10


Binance USD (CURRENCY:BUSD) traded up 0% against the dollar during the 24-hour period ending at 7:00 AM Eastern on October 23rd. Binance USD has a market capitalization of $12.94 billion and approximately $5.01 billion 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 dollar. One Binance USD coin can now be purchased for approximately $1.00 or 0.00001629 BTC on major exchanges.



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


  • Starname (IOV) traded down 3.9% against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Chainlink (LINK) traded 4.1% higher against the dollar and now trades at $30.51 or 0.00049676 BTC.
  • Polygon (MATIC) traded 0.8% higher against the dollar and now trades at $1.57 or 0.00002550 BTC.
  • Polygon (MATIC) traded up 2.4% against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Axie Infinity (AXS) traded up 1.2% against the dollar and now trades at $127.36 or 0.00207401 BTC.
  • FTX Token (FTT) traded 4.4% lower against the dollar and now trades at $63.12 or 0.00102790 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.
  • Fantom (FTM) traded 11.1% higher against the dollar and now trades at $2.56 or 0.00004169 BTC.
  • THETA (THETA) traded down 1% against the dollar and now trades at $6.51 or 0.00010601 BTC.

Binance USD Coin Profile

BUSD is a coin. It was first traded on September 10th, 2019. Binance USD’s total supply is 12,929,324,097 coins. Binance USD’s official website is www.paxos.com/busd. Binance USD’s official message board is medium.com/Paxos. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here.

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. “

Binance USD Coin Trading

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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Binance USD using one of the exchanges listed above.

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