Coinbase has confirmed its plans to list BNB, its native token. BinanceThis marks the first time an American platform will support an asset issued by its largest competitor.
Trading of the BNB-USD pair will commence once liquidity conditions are met in regions where it is permitted. Coinbase announced that BNB will be available on Coinbase.com, the Coinbase app, and Coinbase Advanced, with institutional access provided through Coinbase Exchange. Several months ago, the US exchange introduced BNB perpetual futures on its international platform.
The decision to list BNB could mark the end of a long-standing unspoken rivalry between the two platforms. Coinbase’s relationship with Binance have always been tense, with company executives often at odds over transparency and compliance.
Interestingly, recently (October 16) Changpeng Zhao, the former CEO Binance, demanded that Coinbase list more projects from BNB Chain, noting that Binance There are already many Base projects.
Experts believe that listing a competitor’s token is a move by the American platform toward neutrality. In other words, Coinbase recognizes assets that are in high demand, even if they are owned by competitors.
Listing on the American stock exchange is also beneficial for Binance, as this could increase the token’s legitimacy in US markets and diversify liquidity outside the ecosystem just in time for the reboot Binance US, which is still in development.