Weiss Ratings gave “Binance Coin” an overall rating of B-, therefore putting it in the same class as Bitcoin, EOS, and XRP all of whom are rivals to Ethereum.

While the Weiss report has provided the world’s biggest cryptocurrencies with the overall score, some feel that most of them were not as good considering them from their technological and adoption grades.  While B- grades were provided to “EOS, bitcoin, Ripple’s XRP, and binance coin” C+ was given to “Litecoin, Ethereum, Cardano, Stellar, Neo, and Tron.”

While Binance holds good for B-, it is due to the recent surge in the price of the coin in the market, which might not be sustainable unless the coin is put to further tests, per the report.

The letter grades seem to be assigned to the coin on a tantalizing way because similar grades have been assigned to cryptocurrencies with the best kind of technology and proven adoption.  Also, EOS according to the report has been put on the top, ranking above its long-time rival Ethereum and in the same class as Ripple’s XRP.

The valuation of Bitcoin is $100 billion, while for Binance it is $3.3 billion, which is an obvious far cry in the comparison.

Binance launched testnet for public use in February, and the launch of Binance DEX was well-publicized as well.  These activities have boosted the value of the Binance Coin.

Binance DEX built on Binance’s own blockchain provides for investors to hold their private keys, which will prevent account hacks in case the database security is compromised.

Also, Binance was involved in a controversy for delisting Bitcoin SV citing reasons that it did not any longer meet the high level of the standard expected on the exchange. Bitcoin SV developers were disappointed by the decision, and they responded by stating that CZ and Binance were involved in market manipulation.

Ayre stated, “The decision to delist Bitcoin SV seems to be based on the fact that they don’t like one scientist that works on the platform.” He further implied that an exchange should want the volume of trading and that it should not pick which horse it wants to win the race. Consequently, Binance has been accused of smelling of fear and manipulation.

The Weiss Ratings about Binance replacing Bitcoin is just a suggestion which is not practically a possibility according to many. The rating suggested this because Binance coin has been dictating the direction of the market in recent weeks.  Bitcoin has been historically doing this, and therefore the comparison.