Crypto exchange Binance moved 1.2 billions dollars of its own token in just 1.1 seconds and with as little as 1.5 cents of cost. The token is called Binance Coin (BNB) and is backed by 9,001 Bitcoins (BTC). Predictions forecast Bitcoin value to reach $ 20,000 in two weeks after approaching the $ 13,000 mark.
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On June 26, about $1.2 billion in Binance coin (BNB) has been transferred in 1.1 seconds with a $0.015 fee on the Binance chain. The exchange intended to split its BNB cold wallet in multiple addresses. Recently Binance also moved 9,001 Bitcoin (BTC) to back its token.