As binance coin has risen, the wider cryptocurrency market has struggled, trading more-or-less flat over the last few months. The recent success of binance coin, which is still some way off its all-time high of $24 per coin, has been taken as a broad vote of confidence in the bitcoin and cryptocurrency market. Last month the Hong Kong-headquartered and Malta-registered company launched the testnet of its highly-anticipated decentralized exchange (DEX). Following the launch of the decentralized exchange, Binance has announced a new incentive scheme to aid in its development. CZ offered $100,000 worth of binance coin as a reward for users testing the network.

Source: Forbes March 05, 2019 08:08 UTC