Exchange coins as the new black: why they are in trend

Exchange coins as the new black: why they are in trend

In 2017 Binance became the first cryptocurrency exchange to hold an ICO, raising $15 million. Consequently, they created a native Binance Coin (BNB). Now BNB ranks #7 by market capitalization, while its price surged from $19.15 to over of $38 as on June 23, 2019, just in a month time, from May to June. Exchanges’ native cryptocurrencies are getting more and more trendy among the platforms — nearly 90 exchanges have their own coins, including Huobi, Kucoin, BTCNEXT, Bibox, and OKEx.