![]() ![]() However, many of the top coins have rebounded today, and BNB’s price is up 6.5% to about $600 per coin, according to CoinGecko. Alongside BNB’s recent success is the rising profile of the Binance Smart Chain, a blockchain platform the supports decentralized apps (dapps) including popular decentralized exchange (DEX) PancakeSwap.īinance Coin’s price was down yesterday (May 13), along with much of the rest of the cryptocurrency market, which was recoiling in part due to Tesla’s announcement Wednesday that it would no longer accept Bitcoin as payment for cars. In addition to its exchange, Binance also operates the Binance Coin (BNB), which has surged more than 15 times in value since the start of 2021 to become the third most-valuable cryptocurrency, in terms of market cap. According to crypto analytics platform Chainalysis, Binance also led the list of exchanges receiving illicit Bitcoin (BTC) tied to criminals in 2019. In response, the exchange sued the publication, but ultimately dropped the suit in February. In October, meanwhile, a Forbes report claimed that a leaked internal Binance document detailed strategies to evade regulation. In March, Bloomberg also reported that Binance is currently under investigation by the United States Commodity Trading Futures Commission (CTFC) for allowing US traders to buy and sell derivatives. Binance.US handles far less daily trading: about $1.7 billion over the last 24 hours. In 2020, Binance launched spinoff exchange Binance.US to comply with United States regulations, and began freezing accounts of U.S. ![]() According to CoinMarketCap, Binance has handled nearly $55 billion in trading volume over the last 24 hours, almost three times higher than the next-highest exchange (South Korea’s Upbit). The Wall Street Journal, Bloomberg News and Reuters reported Tuesday night that Shroder, who took over in 2021, has been replaced on an interim basis by the company’s chief legal.
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