Binance's native token is hovering near 5-month lows and has shed 52% in 2022

Dec 19 2022 by Business Insider

 
Binance CEO Changpeng "CZ" Zhao

Antonio Masiello/Getty Images

Binance's BNB token is hovering near a five-month low, suggesting faltering confidence in the world's largest crypto exchange.  The crypto has lost more than half its value this year, and traders are worried it could drag down the rest of the sector. Over recent weeks, customers have drained billions of dollars from Binance as concerns balloon over the firm's holdings of customer funds.

Binance, the world's largest cryptocurrency...

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