Share this article

Binance Exchange's BNB Token Leads Broad Crypto Rebound After FTX Bailout Offer

The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.

By Krisztian Sandor

Updated Nov 9, 2022, 4:19 p.m. Published Nov 8, 2022, 5:59 p.m.

BNB, Binance's token, jumped to as high as almost $400 to the news that Binance and FTX reached a deal. (TradingView)