The world’s largest cryptocurrency exchange Binance’s token Binance Coin (BNB) is touching extreme limits against Bitcoin.
BNB achieved the new milestone of 0.002287 BTC at 10:45 UTC Wednesday, and was last seen changing hands at 0.0022 BTC on Binance, up 8% since yesterday.
A detailed look at the individual markets reveals that the BNB/BTC and Binance coin-tether (BNB/USDT) pairs account for more than 85% of the total BNB trading volume ($0.148 billion) seen in the last 24 hours.
BNB became the 17th largest cryptocurrency by market capitalization, being supported by the sharp rally pushing it to a five-month high above $1.9 billion.
The gains appear to be sustainable, given the rally is further backed by a 155% rise in trading volume over the last 48 hours.
The BNB/USD exchange rate also hit a 5 and a half month high of $17.60.
Leave a Comment