90% of Binance Exchange Employees Receive Salary in BNB Cryptocurrency


90% of employees of¬†Binance, the world’s most popular cryptocurrency exchange, reportedly receive their salary in the exchange’s token, Binance¬†Coin (BNB).


This news came directly from¬†Michael Arrington, a tech figure and managing director of¬†Arrington XRP Capital, an XRP-denominated crypto hedge fund, after meeting with Binance¬†CEO Changpeng ‚ÄúCZ‚ÄĚ Zhao in Lichtenstein earlier this week. Arrington shortly followed up to Tweet just how impressed he was with CZ,¬†calling him one of the greatest “business titans” of our time.

While taking a salary in cryptocurrency might seem like an incredibly risky decision, BNB is perhaps one of the best alternatives to a traditional fiat paycheck.

Despite the massive downward market pressure, BNB has performed relatively well and is up around 15% this year. Since hitting an all-time high of $24.91 on January 12, BNB has retreated nearly 60% to $9.83. While in any other market this would seem like a total collapse, BNB has actually outperformed every other major cryptocurrency YTD.

BNB is currently ranked 16th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, and 1st in the  AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens.

Similar: Binance Coin (BNB) Is the Best Performing Cryptocurrency of 2018

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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