The native token of decentralized exchange platform DYDX surged to $2.23 following news that the U.S. Securities and Exchange Commission had filed a lawsuit against Binance, the largest crypto exchange by trading volume, for violating federal law. The governance token rose by approximately 10% from its lowest price of $2.04 within the past hour. The SEC's announcement stated that Binance's BNB and BUSD tokens are unregistered security offerings. In the last 24 hours, DYDX has seen over $939 million in trading volume with around 281,500 traders, according to data from its website.
All Comments