Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations

2 years ago

DYDX, the autochthonal token for the decentralized speech level with the aforesaid name, jumped to $2.23 astatine property clip aft the U.S. Securities and Exchange Commission said it sued Binance, the largest crypto speech by trading volume, for violating national law.

The governance token jumped arsenic precocious arsenic $2.26, a astir 10% summation from $2.04, its lowest terms successful the past 60 minutes, according to information analytics steadfast CryptoWatch.

The terms enactment comes aft the SEC said BNB and BUSD – tokens belonging to centralized speech Binance – are unregistered information offerings.

In the past 24 hours, the dYdX level has had much than $939 cardinal successful trading measurement with astir 281,500 traders, information from its website shows.

Edited by Sheldon Reback.

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