Cryptocurrencies
Hottest Crypto Coin's Massive Rally Echoes Bitcoin's Glory Days
- Binance Coin has tripled in value in the past three months
- Buyback renews questions of whether the token is a security
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The cryptocurrency boom appears to be alive and well for Binance, the world’s largest digital-asset exchange by trading volume.
One of the hottest coins right now is the Malta-based exchange’s eponymous token, Binance Coin, which has more than tripled in value in the last three months to around $15. The surge comes as the broader digital-asset market is little changed in the wake of last year’s collapse that saw the prices of many rivals tumble by more than 90 percent.