Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the …

Only one cryptocurrency is outperforming bitcoin this year – and its exchange has pioneered the practice of destroying coins every quarter | Currency News | Financial and Business News | Markets Insider

Binance Coin, or BNB, is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange is facing new concerns around increased competition, police raid rumors, and its “burning” practice. The Binance exchange faced new scrutiny after it said in November it has no “fixed offices in Shanghai or China” following reports of a police raid in the country, Bloomberg first reported.