OKX will list BNB for spot trading

OKX will list BNB (BNB/USDT and BNB/USDC) for spot trading

Galvin Yu

• Updated: Tuesday, December 20, 2022, 01:28

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OKX is pleased to announce the listing of BNB (BNB/USDT and BNB/USDC) on our spot trading markets.

Trading of BNB will start according to the following schedule:

1. BNB deposits open at 1:00 pm UTC on Dec. 20
2. BNB/USDT, BNB/USDC Spot trading open at 3:00 am UTC on Dec. 21
3. BNB withdrawals open at 3:00 am UTC on Dec. 22

BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years. BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets. Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad. At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.

Asset name: BNB

Ticker: BNB

Total Supply: 200,000,000

Circulating Supply: 163,276,974 (2022.12.18)

This article was originally published on: Dec 20, 2022 at 01:28 AM

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