BNB - An Investment Thesis

This research report will present 21Shares’s investment thesis of the BNB crypto asset. In this analysis, we begin with an overview of the crypto asset and its parent exchange before discussing the market opportunity of BNB. Next, we delve into the key value proposition of BNB and outline the crypto asset’s primary value drivers. Finally, we touch on the impact of various allocations of BNB on an institutional investor’s portfolio and highlight the asset’s main risks.