PORTLAND, OREGON ¨C The cryptocurrency boom appears to be alive and well for Binance, the world¡¯s largest digital-asset exchange by trading volume.
One of the hottest coins right now is the Malta-based exchange¡¯s eponymous token, Binance Coin, which has more than tripled in value in the last three months to around $15. The surge comes as the broader digital-asset market is little changed in the wake of last year¡¯s collapse that saw the prices of many rivals tumble by more than 90 percent.
The coin¡¯s performance is the latest twist in the dramatic rise of Zhao Changpeng, who co-founded the exchange during the 2017 cryptocurrency boom and had run-ins with authorities in Japan and Hong Kong before eventually decamping to the European island nation.
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