Binance Coin's price is a market price and defined by supply and demand. The value of Binance Coin is also heavily tied to that of the wider crypto market, and specifically Bitcoin. Any good or bad news concerning the Binance exchange is also likely to influence the fortunes of the cryptocurrency. Having said that, the UK-based Financial Conduct Authority clamping down on the exchange in June 2021 didn’t cause an appreciable downturn in the price of the currency — and so we should be cautious before anticipating change precipitated by real-world events.