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.

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

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

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Tokenized cryptoasset

Binance Bitcoin

# Fully diluted market cap Methodology

## Overview

Fully diluted market cap measures the project’s valuation assuming full dilution. It is calculated as the token price multiplied by the total supply, as defined in the project’s current token economics; including tokens that are circulating, locked, unvested, or set to be issued.

Project valuation based on token price times total supply.

Binance BitcoinBTCB

Fully diluted market cap

Fully diluted market cap

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