Cryptocurrencies have reached a combined currency value of $ 2 trillion this bull season, making it a viable investment tool even in the traditional market.
Increased adoption of cryptocurrencies; The demand for crypto service providers such as Binance, Huobi and Coinbase has rapidly increased. With the increasing demand for these crypto platforms, there has been a significant increase in the demand and price of local exchange tokens as well.
Leading by transaction volume, Binance is one of the most well-known cryptocurrency exchanges. In this bull season, the local exchange token Binance Coin (BNB) and the local exchange Binance Smart Chain (BSC) have reached new heights. The BNB token has continued its massive rise since the end of February and a new all-time high (ATH) of $ 356.78 was recorded.
Huobi stock exchange’s local token HT had risen to a new $ 26.31 AHT towards the end of February. Following Coinbase’s direct listing approval on April 14, HT is now trading at $ 16.86, up 10%, with the effect of the awakening of Coinbase’s verification approval. Besides the local exchange token price increase, many crypto companies; Including Coinbase, Bakkt and several other crypto mining farms, this bull season used the mainstream flare to go public.
The Value Of Crypto Platforms Has Increased Quickly In This Bullish Season
This bull season is not just about Bitcoin’s price increase and sub-season. This season was the season when crypto became mainstream. This has helped many top crypto companies nearly double their value from last year. Coinbase, for example, went public with a valuation of over $ 100 billion. Many crypto sturt-ups, including Chainanalys and BlockFi, raised the highest capitals in their most recent investment rounds and raised their overall valuation to billions of dollars.
Alongside the rising valuations of crypto companies and related tokens, many mainstream financial giants such as JP Morgan, VISA, PayPal, Morgan Stanley, and Goldman Sachs who were not sure if Bitcoin was financially viable just a year ago to showcase Bitcoin to their clients. he is in a hurry.