How to view the circulation and market value of a currency on Binance?

Binance shows total cryptocurrency supply, not circulating supply; market cap is readily available, but for precise circulating supply, use CoinMarketCap or CoinGecko to supplement Binance data for a complete picture.

Mar 03, 2025 at 10:07 pm

Key Points:

• Binance doesn't directly display "circulation" in the traditional sense (total coins in circulation excluding those burned or locked). Instead, it shows the total supply. Understanding the difference is crucial.
• Market capitalization is readily available on Binance, representing the total value of all circulating coins.
• Third-party websites often provide more comprehensive data on circulating supply, including burn addresses and locked tokens.
• Navigating Binance's interface and using external resources are essential for a complete picture.

How to View the Circulation and Market Value of a Currency on Binance?

Finding the precise "circulation" of a cryptocurrency on Binance can be tricky because Binance primarily displays the total supply. The total supply encompasses all coins ever created, regardless of whether they're actively circulating, locked in staking, burned, or held by developers. To get a clearer understanding of the circulating supply, you need to look beyond the information directly provided by Binance. This is because "circulating supply" requires additional information not always tracked by exchanges.

The market capitalization, however, is easily accessible on Binance. This figure represents the total value of all available coins in the market. It's calculated by multiplying the current market price of the cryptocurrency by the total supply displayed on Binance. This, however, assumes that all listed tokens are in circulation, which is not always the case.

To find the market capitalization of a cryptocurrency on Binance, navigate to the trading page for that specific coin. The market cap is typically displayed prominently alongside the price, volume, and other key metrics. Look for labels like "Market Cap," "Market Capitalization," or a similar designation. The exact location might vary slightly depending on the specific cryptocurrency and Binance's interface updates.

While Binance provides the total supply and market cap, obtaining a truly accurate circulating supply requires using external resources. Many reputable cryptocurrency data aggregators, such as CoinMarketCap, CoinGecko, and others, offer more detailed information. These platforms often track the circulating supply more accurately, taking into account burned tokens, tokens locked in smart contracts, and other factors that reduce the actual number of coins available for trading.

For instance, if you're interested in the circulating supply of a particular token, search for the token's name on CoinMarketCap or CoinGecko. Their pages typically display not only the total supply but also the circulating supply. This allows for a more precise understanding of the cryptocurrency's market dynamics, as it better reflects the number of coins actively traded and held by investors. Remember that even these sites might not always be perfectly accurate due to the inherent difficulties in tracking all tokens.

The difference between total supply and circulating supply is significant. A high total supply with a low circulating supply could indicate a substantial portion of the tokens are held by a small number of investors, potentially impacting price volatility and market liquidity. Conversely, a high circulating supply could suggest wider distribution and potentially greater price stability. Understanding this distinction is key to making informed investment decisions.

To get a complete picture, you should always consult multiple sources. Relying solely on the data provided by Binance could lead to an incomplete understanding of a cryptocurrency's market situation. Remember to always cross-reference information from several reputable sources to make sure you're getting a holistic view of the cryptocurrency's supply and valuation.

Navigating Binance's Interface

First, log in to your Binance account. If you don't have an account, you'll need to create one. The registration process is relatively straightforward and requires providing some basic information.

Next, locate the search bar. This is usually situated at the top of the Binance webpage. Type in the name of the cryptocurrency whose market cap and supply you want to examine.

After typing the name, select the cryptocurrency from the search results. This will bring you to the trading page for that specific coin.

On the trading page, look for the information you need. As previously mentioned, the market cap is usually prominently displayed, while the total supply is typically found near other key metrics. Remember that Binance primarily shows the total supply, not the circulating supply.

Utilizing External Resources

• CoinMarketCap: This is one of the most popular websites for cryptocurrency information. Simply search for the cryptocurrency's name, and you'll find data points such as total supply and circulating supply.
• CoinGecko: Similar to CoinMarketCap, CoinGecko offers comprehensive data on various cryptocurrencies, including total and circulating supply.
• Other Data Aggregators: Many other websites provide cryptocurrency data. It's advisable to use multiple sources to verify information and obtain a more accurate picture. Always verify the reliability of the source before relying on its data.

Frequently Asked Questions:

Q: What is the difference between total supply and circulating supply?

A: Total supply is the total number of coins ever created. Circulating supply is the number of coins currently in circulation, excluding those burned, lost, or otherwise unavailable for trading.

Q: Why doesn't Binance directly show circulating supply?

A: Determining the circulating supply requires complex tracking of various factors, including locked tokens and burn addresses, which is beyond the scope of a simple exchange display. Binance prioritizes displaying readily available data like the total supply and market cap.

Q: Are the circulating supply figures from third-party sites always accurate?

A: No, even third-party sites can sometimes have inaccuracies due to the difficulty of tracking all tokens across various wallets and exchanges. It's best to compare information from several sources.

Q: How often is the market cap updated on Binance?

A: The market cap on Binance is updated in real-time or very near real-time, reflecting the current price and total supply.

Q: Can I trust the market cap displayed on Binance?

A: The market cap displayed on Binance is generally reliable, provided the total supply shown is accurate. However, remember that it's based on the total supply, not the circulating supply, which might be a different figure.