Binance’s BNB token has a market capitalization worth $40 billion, yet, the leading crypto exchange has failed to list it on the major US crypto exchanges. According to analysts, US regulators consider BNB as a potential security.
Currently, Binance is battling market speculation based on most-recent withdrawals worth billions of dollars and proof-of-reserves statements by Mazars, Binance’s auditing firm. Moreover, a Binance spokesperson confirmed that,
Binance’s distress is visible in its
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Source: Cryptocurrency - investing.com