# Binance Bitcoin

> Track Binance Bitcoin's TVL and market cap with daily on-chain data. Compare Binance Bitcoin with other tokenized cryptoasset projects. Updated daily.

Source: [Binance Bitcoin on Token Terminal](https://tokenterminal.com/explorer/projects/binancebitcoin). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: BTCB
- Sectors: Tokenized cryptoasset
- Chains: bsc

## About

### What it is

Binance Bitcoin (BTCB) is a BEP-20 token on BNB Smart Chain backed 1:1 by Bitcoin held in reserve by Binance.

### Who uses it

Binance issues and manages BTCB, a Bitcoin-backed token for BNB Smart Chain.

### How it works

Binance holds Bitcoin in reserve and issues BTCB on BNB Smart Chain at a 1:1 ratio, so users can hold and use Bitcoin value in BNB Chain applications.

## Metrics

Token Terminal tracks these metrics for Binance Bitcoin daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/binancebitcoin/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/binancebitcoin/metrics/market-cap-fully-diluted)
- [Token trading volume](https://tokenterminal.com/explorer/projects/binancebitcoin/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/binancebitcoin/metrics/token-turnover-fully-diluted)
- [Total value locked](https://tokenterminal.com/explorer/projects/binancebitcoin/metrics/tvl)

## Links

- [twitter](https://twitter.com/binance)
- [bscscan](https://bscscan.com/token/0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c)
- [website](https://www.binance.com/)