$BNB

According to the report, Binance retained its dominance as the top exchange, processing $946 billion in spot trading volumes, a modest 0.13% increase month-over-month.

Bybit followed with an 18.8% rise to $247 billion, while Coinbase recorded a 9.62% jump to $191 billion. 

Binance Coin (BNB), the exchange’s native token, has been a key beneficiary of this surge.

Much of BNB’s utility stems from staking incentives, offering traders discounted fees on the Binance platform.

Hence, as exchange trading volumes spike, so does demand for BNB.

BNB has already rallied 8.7% over the past three days, crossing $715 on Thursday.

With the increase in speculative trading ahead of Trump’s January 20 inauguration could replicate December’s trading frenzy, potentially propelling BNB toward the $750 mark