$BNB Currency pairs with BNB (Binance Coin) are very popular within the cryptocurrency ecosystem, especially due to its relationship with Binance, the largest exchange in the world by trading volume. BNB is the native cryptocurrency of Binance and is widely used for trading, fee discounts, and even in DeFi applications and NFTs.
Below are the main types of currency pairs linked to BNB (Binance Coin):
1. Fiat currencies paired with BNB
These pairs represent the relationship of the value of BNB with traditional currencies. Common examples in exchanges like Binance:
- BNB/USD: Binance Coin in relation to the US dollar.
BNB/EUR: Binance Coin in relation to the euro.
BNB/BRL: Binance Coin in relation to the Brazilian real.
BNB/GBP: Binance Coin in relation to the British pound.
BNB/JPY: Binance Coin in relation to the Japanese yen.
💡 How it works:
- In the BNB/USD pair, the price indicates how many dollars are being traded for 1 BNB. For example, BNB/USD = $240 means that 1 BNB is worth 240 dollars.
2. Stablecoins paired with BNB
Stablecoins are cryptocurrencies with their value pegged to the dollar or other fiat currencies. These pairs are popular for those who want to trade BNB while avoiding the direct volatility of other cryptos. Examples include:
- BNB/USDT: Binance Coin exchanged for Tether (USDT).
BNB/BUSD: Binance Coin exchanged for Binance USD (BUSD), the official stablecoin of Binance.
BNB/USDC: Binance Coin exchanged for USD Coin (USDC), a popular stablecoin pegged to the dollar.
💡 Advantage:
- Traders use pairs with stablecoins (like BUSD or USDT) as a store of value, especially during periods of high volatility in the market.
3. Cryptocurrencies paired with BNB
BNB is widely used as a base currency for trading other cryptocurrencies. Popular examples include:
- BTC/BNB: Bitcoin in relation to Binance Coin.
ETH/BNB: Ethereum in relation to Binance Coin.
ADA/BNB: Cardano in relation to Binance Coin.
XRP/BNB: XRP (Ripple) in relation to Binance Coin.
SOL/BNB: Solana in relation to Binance Coin.
MATIC/BNB: Polygon in relation to Binance Coin.
💡 How it works:
- In the ETH/BNB pair, the price indicates how many BNBs are needed to buy 1 Ethereum. For example, ETH/BNB = 10 means that 1 ETH is worth 10 BNBs.
4. Cross pairs with Altcoins
BNB is used as an intermediary for trading various Altcoins on exchanges. Common examples include:
- DOGE/BNB: Dogecoin traded for Binance Coin.
SHIB/BNB: Shiba Inu traded for Binance Coin.
AVAX/BNB: Avalanche traded for Binance Coin.
5. DeFi pairs and tokens based on the BNB Chain ecosystem
In the BNB Chain ecosystem (formerly Binance Smart Chain), you will find currency pairs involving DeFi projects, DEXs (Decentralized Exchanges), and games/NFTs. Examples include:
- CAKE/BNB: PancakeSwap Token paired with Binance Coin.
BAKE/BNB: BakerySwap Token paired with Binance Coin.
TWT/BNB: Trust Wallet Token paired with Binance Coin.
💡 Applications:
These pairs are widely used on decentralized exchanges in the BNB Chain, such as PancakeSwap, due to low transaction fees and the popularity of BNB in the ecosystem.
Why trade pairs with BNB?
Reduced fees: Binance users who use BNB to pay transaction fees receive discounts (typically between 10% to 25%).
High liquidity: BNB is one of the most traded cryptocurrencies in the market, ensuring ease of buying and selling.
Versatility: BNB is used not only for trading but also for staking, NFT purchases, participation in token launches on Binance Launchpad, and other DeFi platforms.
Integration with the BNB Chain ecosystem: Many projects use BNB as the primary transaction currency, increasing its utility.
