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First Mover: Bitcoin Meets 'Torrent' as Lowly Binance Coin Gets $40B Valuation

Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.

By Bradley Keoun, Omkar Godbole
Updated Sep 14, 2021, 12:14 p.m. Published Feb 19, 2021, 3:03 p.m.
"Lots of liquid poured into a funnel creates a torrent," the bond-investing titan Jeff Gundlach wrote in a tweet, referencing bitcoin and the flood of stimulus money.
"Lots of liquid poured into a funnel creates a torrent," the bond-investing titan Jeff Gundlach wrote in a tweet, referencing bitcoin and the flood of stimulus money.

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BNBBNB$808.36◢1.41%WBNBWBNB$814.72◢3.73%