Binance.US lists BNT.
Trade Bancor (BNT) on the BNT/USD and BNT/USDT pairs.
Buy Bancor (BNT) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
Deposits and withdrawals are now open for BNT.
*Please note that Binance.US supports Ethereum (ERC20) and BNB Smart Chain (BEP20) BNT deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address. For more information on the networks that Binance.US supports, consult our full list of supported assets and networks.
Note: This article was last updated on April 26 2022. Deposits for BNT first opened on April 25, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
What is Bancor (BNT)?
Bancor is a decentralized exchange (DeX) designed to limit the effects of impermanent loss, which occurs when the price of assets fluctuates after the principal assets are deposited into a liquidity pool. By limiting the risk of impermanent loss, Bancor incentivizes liquidity providers to stake assets on its decentralized exchange.
BNT is an ERC20 token that serves as the native asset of Bancor and is used to insure against impermanent loss. Unlike most decentralized exchanges, all assets listed on Bancor are paired with BNT. Additionally, assets listed on Bancor undergo a whitelisting process to ensure supported assets feature high trading volumes, which typically indicates lower volatility, as assets with high price divergence result in more impermanent loss scenarios.
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