Binance Coin (BNB) is one of the newest cryptocurrencies on the block.
It comes from one of the worlds largest virtual currency exchanges of the same name, Binance.
Using BNB often grants the trader discounts over using other payment methods on the exchange.
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BNB opened the year from where it left 2018 at $5.92.
By the end of January it had grown a very conservative 5 percent to $6.17.
But overall, BNB has performed well, and closed the quarter having nearly doubled in price.
Binance opened the second quarter at a hair under $18.
By April 20, BNB increased in price by 25 percent and was trading at $24.58.
A small market correction saw the utility token retreat from this early quarter high, though.
By mid-May, Binance Coin was trading at $19.37.
Over the following two weeks, Binance Coins trading price when sharply skyward.
Over the entire quarter BNBs price grew by 85 percent.
Perhaps Binances overall strong performance mitigated any potential fallout from the hack.
Looking forward to Q3 for BNB
However, Binance might have a more challenging second half to the year.
In September, US traders will no longer legally be able to use the Binance cryptocurrency exchange.
That said, Binance is certainly bringing in people that should be capable of making it a reality.
At current rates, this is expected to happen by July 15.
Incidentally, Binance alsoannounced recently that it would be maintainingthe 25 percent trading fee discount when using BNB.
That said, theres no reason that it shouldnt go smoothly.
But as things stand, it looks quite alright for the exchange.
Story byMatthew Beedham
Matthew is the editor of SHIFT.
He likes electric cars, and other things with wheels, wings, or hulls.
