Binance USD One Day Trading Volume Reaches $5.46 Billion (BUSD)

   2022-08-05 11:08


Binance USD (BUSD) traded 0% higher against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on August 5th. One Binance USD coin can now be bought for about $1.00 or 0.00004314 BTC on major exchanges. During the last week, Binance USD has traded down 0.1% against the dollar. Binance USD has a total market capitalization of $17.92 billion and $5.46 billion worth of Binance USD was traded on exchanges in the last day.



Here is how similar cryptocurrencies have performed during the last day:


  • BITCOIN ADDITIONAL (BTCA) traded up 1.3% against the dollar and now trades at $23,179.05 or 0.99990000 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004313 BTC.
  • Polygon (MATIC) traded 4% higher against the dollar and now trades at $0.92 or 0.00003984 BTC.
  • Mammoth (MMT) traded 7.8% lower against the dollar and now trades at $0.87 or 0.00003771 BTC.
  • yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002206 BTC.
  • FTX Token (FTT) traded up 3.8% against the dollar and now trades at $30.19 or 0.00130233 BTC.
  • Chainlink (LINK) traded up 4.9% against the dollar and now trades at $7.75 or 0.00033433 BTC.
  • Geegoopuzzle (GGP) traded down 0.3% against the dollar and now trades at $15.22 or 0.00065635 BTC.
  • Magic Internet Money (MIM) traded 0.2% higher against the dollar and now trades at $1.00 or 0.00004309 BTC.

Binance USD Coin Profile

Binance USD (CRYPTO:BUSD) is a coin. Its genesis date was September 10th, 2019. Binance USD’s total supply is 17,920,140,070 coins. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. The official website for Binance USD is www.paxos.com/busd. 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 currently possible to buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to trade Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the exchanges listed above.



Receive News & Updates for Binance USD Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Binance USD and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.





Original Source