Market Cap of Exchange-Issued Tokens Surpasses $43 Billion, Binance’s BNB Token Surges 150% – Exchanges Bitcoin News


Thanks to the recent surge in Bitcoin, altcoins, including tokens issued by exchanges, have made significant gains recently while some of these crypto assets hit new all-time highs (ATH). According to Messari data, Binance leads the category after its token rose more than 150% from $ 47 on Feb.1 to $ 148 on Feb.10. Still, the token had withdrawn at the time of writing and was trading at $ 123.

Centralized exchange tokens show the way

As a result of this surge, the BNB token’s market cap was just over $ 19 billion at the time of writing, while the crypto asset has now climbed to # 6, as shown by’s top asset rankings. The seven-day change in the BNB of 116% is also one of the highest for a centralized exchange.

Meanwhile, the Asian crypto platform Huobi can also be seen, whose token hit a new ATH of $ 13.95 on February 10th. After starting the month at $ 6.54, the token was trading at $ 12.65 at press time. As Messari data shows, the HT token has grown 170% in the past 30 days, and this has resulted in its market cap increasing to $ 2.47 billion.

Binance's BNB token sets a new all-time high after a price increase of 150%: the market capitalization of tokens issued by Exchange exceeds USD 43 billion

Another Asia-based centralized exchange whose own token is expected to grow by more than 100% is FTX, a platform for cryptocurrency derivatives. After Messari began trading at $ 11.16 on February 1, data shows that this exchange’s token set a new ATH of $ 22.77 on February 10. However, at the time of writing, the token was trading at $ 21.11, which translates to a market cap of nearly $ 2 billion.

Significant 30-day growth for decentralized Exchange tokens

Meanwhile, the Uniswap token, which has risen 274% in the past 30 days, is the highest-rated decentralized currency asset with a market capitalization of just over $ 6 billion. While Uniswap’s token recorded its ATH of $ 22.21 on the same day as the centralized exchange tokens mentioned above, its 2.35% change in value over seven days is still much less than that of BNB. Similarly, the top-performing decentralized exchange asset, Sushi had its own ATH of $ 16.30 on Feb.4, plus a slightly higher seven-day change of 5.64%.

Meanwhile, the Messari data shows that exchange wealth has seen an average increase in value of 70% over a seven-day period and over 200% over the past month. At the time of writing, the total market capitalization of the 54 listed assets was $ 43.67 billion.

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