Cryptocurrencies

Best-Performing Cryptocurrency Powers Controversial Exchange

Binance’s BNB token has outperformed Bitcoin this year
Token serves as loyalty program for Binance exchange customers

Zhao Changpeng, chief executive officer of Binance, poses for a photograph following a Bloomberg Television interview in Tokyo.Photographer: Akio Kon/Bloomberg

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By Olga Kharif

December 6, 2019 at 10:55 AM EST

Updated on

December 6, 2019 at 2:10 PM EST

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Only one major cryptocurrency has outperformed industry bellwether Bitcoin this year -- the namesake token from the contentious exchange Binance Holdings.

Binance Coin, usually referred to as BNB, has surged about 150%, according to CoinMarketCap.com. Eight of the top-10 coins by market capitalization either decreased in price or appreciated much less in a year where Bitcoin has doubled.

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