Details about Binance VND cryptocurrency
Binance VND
BVND
Unknown for now
€13,135
23,000,000,000
1
Unknown
https://www.binance.com/en
Binance VND price charts
BVND exchanges
Binance VND, the crypto
Binance VND (BVND) is a stablecoin issued by Binance, pegged to the Vietnamese dong (VND) on a 1:1 basis. It is designed to allow users to deposit, trade and withdraw VND with no hassles. BVND can be used on the Binance exchange platform in various cryptocurrency trading pairs.
The point
The main point of Binance VND (BVND) is to provide users with a stablecoin that has a fixed exchange rate with the Vietnamese dong. This makes it easier for users to deposit, trade and withdraw VND on Binance with less friction, and without being subject to the volatility of cryptocurrency prices.
The problem
Binance VND (BVND) tries to solve the problem of unstable fiat currency exchange rates that can be a hindrance to seamless cryptocurrency trading. Since not all exchanges support fiat currency trading, users might need to convert their fiat currencies into cryptocurrency to trade, subjecting them to the volatile fluctuations of crypto prices. BVND solves this by allowing users to convert their VND into a stablecoin with a fixed value, which they can then use to trade other cryptocurrencies on Binance with less risk.
Compare BVND and BTC performance
| Timeframe | BVND | BTC |
|---|---|---|
| 1h change | 0 % | 0.175774 % |
| 24h change | 0 % | 5.35743 % |
| 7 day change | 0 % | -8.58521 % |
| 14 day change | 0 % | -1.97993 % |
| 30 day change | 0 % | 4.77947 % |
| 200 day change | 5.17 % | 126.701 % |
| Year change | 0 % | 126.776 % |