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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Binance Bitcoin

# Token turnover (fully diluted) Methodology

## Overview

Token turnover (fully diluted) measures how frequently a project's token changes hands relative to its fully diluted market cap. It is calculated as the average daily token trading volume divided by the fully diluted market cap, indicating liquidity and trading activity relative to the token's total potential valuation.

${token_trading_volume} / ${market_cap_fully_diluted}

Average daily token trading volume divided by fully diluted market cap.

Binance BitcoinBTCB

Token turnover (fully diluted)

Token turnover (fully diluted)

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