Binance USD One Day Volume Reaches $5.86 Million (BUSD)

Binance USD (BUSD) traded 0% lower against the US dollar during the 24-hour period ending at 22:00 PM ET on October 30th. During the last seven days, Binance USD has traded up 0.1% against the US dollar. One Binance USD token can currently be bought for approximately $1.00 or 0.00001385 BTC on cryptocurrency exchanges. Binance USD has a total market capitalization of $68.24 million and $5.86 million worth of Binance USD was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 0% against the dollar and now trades at $72,199.00 or 0.99976006 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.2% against the dollar and now trades at $72,121.25 or 0.99868347 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 68,223,481 tokens. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official website for Binance USD is www.binance.com/en/busd. The official message board for Binance USD is coinmarketcap.com/community/profile/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Binance USD Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to acquire Binance USD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView