eToro Classifies BNB as Both Utility and SecurityeToro Classifies BNB as Both Utility and Security
By Sheevika Senanayake - November 28, 2018

Crypto trading platform eToro has recently listed the Binance Coin (BNB) on its platform and issued an introductory report to its investors. In the report, eToro mentions BNB’s uses, but also classifies it as both a utility and security token. eToro analyst Mati Greenspan has stated that “BNB does not provide exclusive access to Binance, but it does entitle the holder to a series of benefits in the platform…being a utility token. [The] fact that the value of BNB is ties to the performance of the company could lead to it classification as an asset token, and therefore a security.