{"id":2417,"date":"2024-06-05T06:17:59","date_gmt":"2024-06-05T06:17:59","guid":{"rendered":"https:\/\/cryptd.in\/binance-coin-bnb-skyrockets-to-new-all-time-high-market-cap-bigger-than-ubs-starbucks\/"},"modified":"2024-06-05T06:17:59","modified_gmt":"2024-06-05T06:17:59","slug":"binance-coin-bnb-skyrockets-to-new-all-time-high-market-cap-bigger-than-ubs-starbucks","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ru\/binance-coin-bnb-skyrockets-to-new-all-time-high-market-cap-bigger-than-ubs-starbucks\/","title":{"rendered":"Binance Coin (BNB) Skyrockets to New All-Time High, Market Cap Bigger Than UBS, Starbucks"},"content":{"rendered":"<p>The native token of the world\u2019s largest cryptocurrency exchange has somewhat been on the sidelines during the 2024 bull run, but has finally managed to emerge as a top performer by soaring past $700 and tapping a new all-time high.<\/p>\n<p>Its market cap has gone on a tear as well, exceeding $100 billion and surpassing companies like UBS, Dell, Starbucks and others.<\/p>\n<p>Binance has been in a legal spat in several jurisdictions, with the most recent and active one against Nigerian authorities. Local company execs were detained while the company is trying to free them, which is <a href=\"https:\/\/cryptopotato.com\/failure-to-present-binance-executive-for-arraignment-firs-shifts-blame-to-correctional-service\/\">not going well<\/a> for now.<\/p>\n<p>However, the biggest blow against Binance came at the end of last year, when the exchange <a href=\"https:\/\/cryptopotato.com\/cz-to-step-down-binance-to-pay-4-3b-in-a-settlement-with-doj-reports\/\">agreed to pay<\/a> $4.3 billion in a settlement deal with the US Department of Justice without admitting guilt to failing to incorporate proper anti-money laundering rules.<\/p>\n<p>Moreover, its founder and then-CEO, Changpeng Zhao, <a href=\"https:\/\/cryptopotato.com\/market-wisdom-from-changpeng-zhao-as-binance-ceo-steps-down\/\">had to step down<\/a> and was later convicted to spend several months in US prison.<\/p>\n<p>Amid these regulatory issues, Binance Coin remained sluggish and failed to take the main stage as BTC did in March when it broke its 2021 all-time high or as ETH did a few weeks back when the US Securities and Exchange Commission approved spot Ethereum ETFs.<\/p>\n<p>Additionally, the current bull run has been dominated by old and newly popping meme coins, so the focus has been far from BNB.<\/p>\n<p>However, that started to change in the past day or so as the fourth-largest cryptocurrency skyrocketed by nearly $100 from $625 to a new all-time high of $715 market earlier today.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/BNBUSD.png\"><\/a>BNBUSD Price\/Chart 05.06.2024. Source: TradingView<\/p>\n<p>Despite retracing slightly since then, BNB still stands above $700 and its market cap is close to $110 billion.<\/p>\n<p>As such, BNB has <a href=\"https:\/\/companiesmarketcap.com\/page\/2\/\" target=\"_blank\" rel=\"noopener\">surpassed<\/a> some giants of the traditional world like UBS, State Bank of India, Dell, Hitachi, Starbucks, and AirBNB in terms of market cap.<\/p>\n<p>\u041f\u043e\u0441\u0442 <a href=\"https:\/\/cryptopotato.com\/binance-coin-bnb-skyrockets-to-new-all-time-high-market-cap-bigger-than-ubs-starbucks\/\">Binance Coin (BNB) Skyrockets to New All-Time High, Market Cap Bigger Than UBS, Starbucks<\/a> \u043f\u043e\u044f\u0432\u0438\u043b\u0438\u0441\u044c \u0441\u043d\u0430\u0447\u0430\u043b\u0430 \u043d\u0430 <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The native token of the world\u2019s largest cryptocurrency exchange has somewhat been on the sidelines during the 2024 bull run, but has finally managed to emerge as a top performer by soaring past $700 and tapping a new all-time high. Its market cap has gone on a tear as well, exceeding $100 billion and surpassing [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2417","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Binance Coin (BNB) Skyrockets to New All-Time High, Market Cap Bigger Than UBS, Starbucks - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ru\/binance-coin-bnb-skyrockets-to-new-all-time-high-market-cap-bigger-than-ubs-starbucks\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Coin (BNB) Skyrockets to New All-Time High, Market Cap Bigger Than UBS, Starbucks - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The native token of the world\u2019s largest cryptocurrency exchange has somewhat been on the sidelines during the 2024 bull run, but has finally managed to emerge as a top performer by soaring past $700 and tapping a new all-time high. 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