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BNB

BNB Marketplace Centralized Exchange (CEX) Token Payments
$611.39
-2.28% (24h)

Market Stats

Price
$611.39
-2.28% (24h)
Market Cap
$83.4B
Volume (24h)
$1.79B
Supply
136.36M BNB
FDV
$83.37B

Shariah Analysis

Yes
Project
Token
Reward

The 2nd Shariah Committee Meeting held at Sharlife's office on March 29, 2024, addressed the Shariah status of exchange tokens and tokens backed by exchange projects. The meeting concluded that exchange tokens are compliant with Shariah principles, meaning they do not inherently pose any Shariah issues. However, potential concerns arise from how users may misuse the tokens for unlawful purposes. This conclusion is based on an analogical reasoning (qiyas) comparing exchange tokens to fiat money issued by central banks, where the currency itself is not problematic but can be misused. Therefore, users bear the responsibility to ensure their use of exchange tokens aligns with Shariah principles, avoiding involvement in any products, projects, or services that contravene these principles.

Last Screening: Q1 2025

Risk Analysis

Shariah

Compliance Score

--

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Legitimacy

Project Score

--

--

People

Team Score

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In-Depth Analysis
Project Token Reward System Legitimacy
Project/Products Use Case Status
Trade Offers various trading features (Details on Shariah judgment in the "Additional Information" section) Grey
Futures Offers various Futures Trading features (Details on Shariah judgment in the "Additional Information" section) Failed
Earn Offers various Earn features (Details on Shariah judgment in the "Additional Information" section) Grey
Note: Users are permitted to utilize the platform's services for tokens or coins deemed Shariah-compliant and marked as "passed," while abstaining from non-Shariah-compliant tokens. Additionally, users are advised to refrain from utilizing services categorized as "failed" or "grey." 1. Trade: i) Spot: Buy and sell on the spot market with advanced tools. (Permissible for trading Shariah-compliant tokens only.) ii) Margin Trading: Increase your profits with leverage. (Permissible if the lending is on Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.) iii) P2P: Buy and sell cryptocurrencies using bank transfers and 800+ payment options. (Permissible for trading Shariah-compliant tokens only.) iv) Convert & Block Trade: The easiest way to trade at all sizes. (Permissible for swapping Shariah-compliant tokens only.) v) Trading Bots: Trade smarter with various automated strategies' easy, fast, and reliable. (Permissible only if the trading bot features and tokens used are Shariah-compliant.) vi) Copy Trading: Follow the most popular traders. (Users must verify the portfolios of traders they copy. This feature is permissible only if the copied traders exclusively use Shariah-compliant instruments and tokens.) vii) API: Provides access to Spot, Margin, Futures, and Options API trading for over 300 digital and fiat currencies. API trading includes a testing environment, API documentation, and sample code in multiple programming languages, suitable for all trading needs. 2. Futures Trading: Trade crypto futures. (All non-Shariah-compliant.) 3. Earn: a) Simple Earn: A simple way to deposit and earn. (Permissible if lending is on Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.) b) Advanced Earn: i) Dual Investment: Enjoy high rewards, Buy Low, Sell High. (Grey) ii) Smart Arbitrage: An innovative tool that enables traders to engage in arbitrage strategies between perpetual futures contracts and their spot equivalents. It leverages the funding rate mechanism by hedging futures positions with spot positions to collect funding fees. (Failed) iii) On-Chain Yields: Unlock the potential of on-chain rewards and stay ahead with earning opportunities. (Grey) 4. Loan: Borrow for Spot, Margin, Futures trading, or staking to earn high APY. (Permissible only for Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.)

Technical Analysis

Support & Resistance
Support 1
606.54
Last Price
633.35
Resistance 1
901.35
Pivot Points
Support 2
608.33
Support 1
620.84
Pivot Point
628.7
Resistance 1
641.21
Resistance 2
649.07
Trading Signals
Moving Average (Short Term) Weak
Moving Average (Mid Term) Weak
Moving Average (Long Term) Weak
Exponential Moving Average (Short Term) Weak
Exponential Moving Average (Mid Term) Weak
Exponential Moving Average (Long Term) Weak
Bollinger Band Weak
Williams %R Neutral
Relative Vigor Index Strong
Money Flow Index Neutral
Chaikin Oscillator Strong
Aroon Weak
Klinger Oscillator Weak
Chande Kroll Stop Weak
Moving Average Convergence/ Divergence Weak
Relative Strength Index Weak
Stochastic Weakest
Parabolic SAR Strong
Average Directional Index Weak
Ichimoku Cloud Neutral
Average True Range Strong
Commodity Channel Index Neutral
On-Balance Volume Strong
Volume Weighted Average Price Neutral
Keltner Channel Neutral
Dochian Channel Neutral
Choppiness Index Neutral
Ergodic Oscillator Strong
Ease of Movement Weak
Ultimate Oscillator Neutral
Elder Force Index Weak
Connors RSI Neutral
Rate of Change Weak
Chande Momentum Oscillator Neutral
Triple Exponential Average Weak
Know Sure Thing Weak
Detrended Price Oscillator Weak
Moving Average Envelope Strong
Coppock Curve Strong
Vortex Indicator Weak
Schaff Trend Cycle Weak
Elder Impulse System Weak
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About BNB

BNB Chain is a blockchain ecosystem consisting of three interconnected chains: BNB Smart Chain (BSC), opBNB, and BNB Greenfield, each designed to serve different purposes within the decentralized world. BNB Smart Chain (BSC) is a high-performance blockchain optimized for decentralized finance (DeFi) and decentralized applications (DApps), offering low transaction fees, fast block times, and full Ethereum Virtual Machine (EVM) compatibility, allowing seamless migration of Ethereum-based projects. It hosts over 1,500 DApps, including PancakeSwap, Venus, and BakerySwap, making it one of the most widely adopted blockchains. opBNB, the Layer 2 scaling solution built on the Optimism OP Stack, enhances BSC's scalability by bundling multiple transactions into batches before settling them on BSC, reducing congestion and transaction costs while maintaining security and fraud-proof validation. Meanwhile, BNB Greenfield is a decentralized data storage solution that combines blockchain-based data ownership with DeFi concepts, allowing users to store, manage, and trade data securely while ensuring transparency and user control. The BNB Chain ecosystem supports multiple use cases, including DeFi, staking, gaming, NFTs, AI integration with blockchain, and decentralized data storage, offering businesses and individuals a robust and scalable blockchain infrastructure to innovate and grow. Additionally, BNB Chain powers Binance DEX and PancakeSwap, enabling spot trading, margin trading, futures, copy trading, and automated trading through bots, making it a comprehensive platform for crypto trading and financial services.

Consensus Mechanism

Proof of Staked Authority