At the end of 2022, tensions rose drastically between cryptocurrency exchanges, marked by a series of unfortunate events. The collapse of FTX was a significant incident of that period. Although Changpeng Zhao (CZ) was initially blamed, Sam Bankman-Fried (SBF) had already been defrauding customers. CZ’s actions were merely the tipping of the first domino. His comments about other exchanges afterwards garnered additional criticism.
BNB Coin Takes a Leap Forward
Just a week ago, it was announced that Coinbase has added BNB Coin to its listing roadmap. This development is a significant move for Coinbase in multiple respects. Binance had previously faced issues with the US Department of Justice, and Brian Armstrong had warned CZ to not feel threatened by the Coinbase exchange.
Nevertheless, the current situation indicates that BNB Coin is now being listed on the largest exchange by volume in the country, potentially as a result of Binance re-supporting USDC. This marks a turning point for Binance’s native token.
Coinbase Announces BNB Listing
Coinbase recently shared the following announcement:
“Coinbase will add support for BNB (BNB) on the BNB Smart Chain network. Do not send this asset over other networks, or your funds may be lost.
The opening of our BNB-USD trading pair will begin once liquidity conditions are met and in regions where trading is supported.”
CZ quoted this announcement with a simple “#BNB.” This day is particularly interesting for BNB Coin as Robinhood also announced its listing today, making it more accessible to U.S. investors. This strategic alignment with major platforms like Coinbase and Robinhood is expected to significantly enhance BNB Coin’s visibility and accessibility.
BNB Coin’s listing decisions by these prominent exchanges reflect its increasing recognition in the cryptocurrency market. The ease of access for American investors to BNB Coin is anticipated to drive enthusiasm and contribute to an upward trajectory in trading activities.