What is Binance Coin Market Scope?
Binance coin is a cryptocurrency issued by the Binance exchange and trades with the BNB symbol. It was initially based on the Ethereum network but is now the native currency of Binance’s own Blockchain, the Binance chain. Binance uses one-fifth of its profits to repurchase and permanently destroy, or burn, Binance coins held in its treasury. Binance had a market cap of more than USD 56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap. The latest BNB burn came on April 15, 2021, when Binance burned a total of 1,099,888 BNB, equivalent to USD 595,314,380 USD worth of tokens. It is Binance's 15th quarterly BNB burn and its largest ever in terms of United States dollars. The total supply of BNB has decreased from 170,532,825 to 169,432,937.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | FTX (The Bahamas), WazirX (India), Wert (Estonia), Dfns (France), Zenith Chain (Lithuania), Worldcoin (Germany), Coinpanion (Austria) and Bitcipher Labs LLP (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Binance Coin market study is being classified, by Application (Payments for Transaction Fees (on the Binance Chain), Travel Bookings, Entertainment, Financial services and Others) and major geographies with country level break-up.
Global Binance Coin is a fragmented market due to the presence of various players. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
FTX (The Bahamas), WazirX (India), Wert (Estonia), Dfns (France), Zenith Chain (Lithuania), Worldcoin (Germany), Coinpanion (Austria) and Bitcipher Labs LLP (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Binance Coin market by Type, Application and Region.
On the basis of geography, the market of Binance Coin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Growing Popularity of Binance Coin among Millennials from Tier-2 and Tier-3 Cities
Market Drivers
- High Demand for Cryptocurrency Exchanges
Opportunities
- Rapidly Improving Crypto Market’s Infrastructure and Creating Opportunities to trade more Advanced Products and Derivatives
Restraints
- Binance is Not Available in the United States
- Non-Transparent Corporate Structure
Key Target Audience
Binance Coin Regulatory Bodies, Industry Verticals, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.