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And interestingly, the value of binance coin (BNB-USD) is actually up quite a bit YTD. https://finance.yahoo.com/quote/BNB-USD/ https://finance.yahoo.com/quote/

And interestingly, the value of binance coin (BNB-USD) is actually up quite a bit YTD. https://finance.yahoo.com/quote/BNB-USD/ https://finance.yahoo.com/quote/BNB-USD/

JumpCrisscross 4y ago
Could it be an exit mechanism? Swap deposits at Binance to BNB, then export the BNB and sell it away?
- CryptoBanker 4y ago
  That doesn't explain who's buying it
  - JumpCrisscross 4y ago
    > doesn't explain who's buying it People with deposits at Binance who want to get them out.
    - artemisart 4y ago
      No, if you want to get your tokens out you're selling them to get something else than BNB (and BUSD) and this would drive the price down.
  - barnabee 4y ago
    People who believe Binance is less likely to die than the market is pricing in, for one. Personally I’m not sure, I think the recent charges may not be a huge deal and I don’t think Binance is default dead. But market sentiment has a life of its own and there’s every possibility there’s some sub-100% level of withdrawals they can’t survive. And while I think Binance is fine, I also wouldn’t be particularly sad to see it go either.
- redox99 4y ago
  That makes no sense. First, people have no trouble exiting. Second, why would you swap BNB to exit? Just exit with BTC, ETH, USDT/USDC, etc.
simple-thoughts 4y ago
It may follow XRP where people buy it as a means to protest USG.
paulpauper 4y ago
it has held up very well , that's for sure