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BNB Climbs as Binance Dominates Q2 Volumes Alongside Broader Crypto Rally
Binance maintained its top spot among crypto exchanges, handling over 35% of global trading volume in the second quarter.
Jul 16, 2025, 12:20 p.m.
What to know:
- BNB rose nearly 2% to near $700 amid a wider cryptocurrency market rally.
- Binance maintained its top spot as an exchange, handling over 35% of global trading volume in the second quarter, benefitting BNB.
- BNB is seeing increased adoption, including use in corporate treasuries and efforts to bring tokenized securities to BNB Chain, and has recently celebrated its eighth anniversary and undergone a $1 billion token burn.
BNB rose nearly 2% over the past 24-hour period to near the $700 mark, lifted by growing buyer appetite amid a wider cryptocurrency market rally.
Across the broader crypto market, Binance maintained its grip as the top exchange in the second quarter, handling more than 35% of global trading volume, according to TokenInsights’ latest report. BNB is used on Binance for trading fee discounts and to participate in various activities.
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Spot trading volumes fell to $3.6 trillion, down from $4.6 trillion in the first quarter, the report notes.
BNB has oscillated in a $23 range between $675 and nearly $700, with technical resistance hovering around $690 to $695, according to CoinDesk Research's technical analysis model. The token’s volatility comes as it celebrates its eighth anniversary and after a $1 billion token burn.
BNB is also seeing adoption in corporate treasuries and has joined efforts like the Ondo Global Markets Alliance, aiming to bring tokenized securities such as U.S. stocks and ETFs to BNB Chain.
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Sizin için daha fazlası
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Bilinmesi gerekenler:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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