The US securities and exchange Commission (SEC) intends to track transactions in the Binance Chain blockchain, using the tools of the cybersecurity solution provider CipherTrace, the Agency reports.
In addition to BNB, the Commission is interested in tracking all 189 tokens on the Binance Chain. The SEC said in a statement that CipherTrace is the only supplier of the tools they need in the market.
According to the head of Binance, Changpeng Zhao, the use of blockchain analysis tools is widespread. He is sure that the support of BNB in CipherTrace solutions is an important tool for listing BEP2 tokens on Fiat exchanges.
With a capitalization of almost $3 billion, Binance Coin is among the top 10 cryptocurrencies. During the day, BNB's trading volumes amounted to $226 million, and over the past week, the coin has added 10% to the market value.