Exchange tokens Surge As Institutional Demand for Crypto Spikes; BNB, HT Top the list

Exchange tokens Surge As Institutional Demand for Crypto Spikes; BNB, HT Top the list
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Demand for these platforms has increased as their native exchange tokens have also seen an increase in value and demand. One of the industry's most recognized cryptocurrency exchanges, BINANCE has drastically increased its native blockchain Binance Smart Chain (BSC) and native exchange token Binance Coin (BNB) recently. The BNB token keeps making mammoth gains since that time, and it has registered new ATHs of $356.78 and $327.91.

Binance, the leading cryptocurrency exchange by trading volume is one of the most recognized crypto exchanges and this bull seasons its native chain Binance Smart Chain (BSC) and native exchange token Binance Coin (BNB) has exploded to new highs. Affected by the news, Binance reached a historical high of 350; HT, Huobi's currency, rose 16%; the Huobi HEK’s HECO campaign will issue loans at three times the rate of interest owing to a 35.7% interest rate.

Huobi exchange’s native token HT has also surged to a new ATH of $26.31 towards the end of February and currently trading at $16.86 rising 10% in the wake of COINBASE direct listing approval on April 14. Apart from the native exchange tokens price surge, many crypto companies have used the mainstream glare this bull season to go public including the likes of Coinbase, Bakkt, and few other crypto mining farms.

Crypto Platforms Valuation Skyrockets ??

This bull season has not just been about Bitcoin’s price rise and alt season, it has been the season of crypto going mainstream. This is a . With a market cap of $2 trillion, crypto currencies have become a viable investment instrument even on the traditional markets. Many Crypto startups including the likes of BlockFi and Chainalyis raised their highest capital in their latest investment round, taking their overall valuation into billions.

Starting towards the end of February, the price of BNB token has continued to rise and has reached a new ATH of $356.78.

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