Share this article

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.