Crypto Report - Binance (BNB)

Published:

5 Apr 2021 09:22 ET

With the Coinbase IPO coming soon, estimates are Coinbase valuations of around $100 billion on listing. Coinbase can only offer non-security tokens due to U.S. law, so the number of coin listings is a small fraction of available coins that can be bought. Coinbase will likely get regulatory approval to list security tokens but the date of the approval remains unclear. Nevertheless, the IPO should help major competitors such as Binance (BNB) rise as the valuation on BNB is around $50 billion while it trades far more coins with far greater liquidity than Coinbase in addition to having launched its Binance Smart Chain which dramatically cuts transactions fees.

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