Coinbase Plans to List Surging BNB After Previously Delisting Binance Stablecoin

Core Insights - Coinbase has added BNB to its listing roadmap, indicating support for Binance's cryptocurrency, which is the fourth-largest digital asset with a market cap of $164 billion [1][3] - The addition of BNB is seen as a gesture towards Binance, as BNB has been difficult to access in the U.S. market [2] - BNB has significantly outperformed Bitcoin and Ethereum over the past year, rising 98% from $593 to $1,165, and recently reaching an all-time high of approximately $1,370 [3] Group 1 - The listing of BNB on Coinbase is notable as it lacks utility within Coinbase's ecosystem, yet it reflects a strategic move to engage with Binance [2] - Kraken, a competitor, had previously listed BNB, highlighting a trend of rival exchanges recognizing the asset's value [2] - Analysts have pointed to increased interest in BNB Chain-based decentralized exchanges as a factor contributing to BNB's recent price rally [4] Group 2 - Prior to a $4.3 billion settlement with U.S. authorities, Binance faced scrutiny from the SEC regarding BNB's compliance with securities laws [5] - Coinbase had previously delisted Binance's stablecoin, BUSD, due to regulatory concerns, indicating a cautious approach towards Binance-related assets [7][8] - Coinbase's internal review led to the suspension of BUSD trading, suggesting a stringent compliance framework [8]