BNB Chain Bridge protocol
Overview
BNB Chain Bridge (formerly Binance Bridge) is a centralized cross-chain bridge protocol operated by Binance that facilitates the transfer of digital assets between BNB Chain (formerly Binance Smart Chain) and other blockchain networks. It uses a custodial model where Binance holds the original assets and mints corresponding pegged tokens on the destination chain.
Within the DeFi Intel graph, BNB Chain Bridge connects to 1 tracked entity, most strongly to BNB Chain.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | BNB Chain | 85% |
Frequently asked questions
What is BNB Chain Bridge?
BNB Chain Bridge, formerly Binance Bridge, is a centralized cross-chain bridge protocol operated by Binance that facilitates the transfer of digital assets between BNB Chain and other blockchain networks.
How does BNB Chain Bridge work?
It uses a custodial model where Binance holds the original assets and mints corresponding pegged tokens on the destination chain.
What chain is BNB Chain Bridge deployed on?
BNB Chain Bridge is deployed on BNB Chain.