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Coinbase Bends to Pressure – Finally Lists Rival Binance’s BNB Amid Listing Drama

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Coinbase has taken an sudden flip by including Binance’s native token, BNB, to its official itemizing roadmap, a transfer marking the primary time the U.S. trade has proven assist for its rival’s flagship asset.

The announcement got here on Wednesday when Coinbase Markets revealed that BNB had been added to the roadmap, which means buying and selling will go stay as soon as “market-making assist and enough technical infrastructure” are in place.

While the inclusion doesn’t guarantee a direct itemizing, it exhibits intent and, for a lot of observers, a shift in Coinbase’s itemizing stance.

The timing of the transfer is hanging. Just over per week in the past, Arca CIO Jeff Dorman criticized Coinbase for what he described as inconsistent itemizing requirements, claiming the trade had listed “a number of the absolute worst belongings” whereas ignoring high-performing tokens from rival platforms.

Source: Arca

Dorman argued that Coinbase’s selective method left it “caught between” being an open market and a curated platform.

Adding BNB to the roadmap, due to this fact, appears to be like like a response to mounting exterior stress and criticism of inconsistency.

Coinbase’s BNB Move: Response to Criticism or Step Toward a More Open Marketplace?

That stress appeared to intensify after a separate dispute erupted between Binance and Limitless Labs, a agency backed by Coinbase Ventures.

Limitless CEO CJ Hetherington accused Binance of requesting about 8% of his mission’s token provide, together with money and safety deposits, in trade for a possible itemizing.

Binance denied the claims, calling them “false and defamatory” and stating that it doesn’t revenue from listings. The trade stated any deposits required are refundable inside one to two years and are designed to discourage scams.

In response to the controversy, Jesse Pollak, head of Coinbase’s Base community, wrote that “trade listings ought to price 0%,” a comment that rapidly turned the highlight again on Coinbase itself.

Critics urged the corporate to “lead by instance” and listing BNB, arguing that failing to achieve this undercut its message of transparency and equity.

The itemizing additionally follows Coinbase’s rollout of “The Blue Carpet,” a brand new suite of instruments designed to make its itemizing course of extra clear and accessible to asset issuers.

According to the company’s blog post, Blue Carpet gives direct entry to Coinbase’s listings workforce, customizable asset pages throughout each its centralized trade and retail DEX, reductions for providers like MiCA whitepaper assist, and Coinbase One subscriptions for choose mission groups.

Coinbase emphasised that listings and functions stay free, reiterating that the corporate doesn’t cost itemizing or utility charges, a transparent distinction from the practices usually rumored throughout the trade business.

The trade said that its requirements concentrate on authorized, compliance, and technical standards fairly than a mission’s recognition or market cap.

BNB Surges 2% After Coinbase Adds Token to Roadmap

BNB’s journey started in July 2017 when it launched by way of an ICO on Ethereum, elevating $15 million.

Originally designed to provide discounted buying and selling charges on Binance, it later migrated to the Binance Chain in 2019 and have become the native asset of the broader BNB Chain ecosystem.

Today, it stands as one of many world’s most actively used blockchains, internet hosting arrays of decentralized apps, buying and selling platforms, and sensible contracts.

Additionally, BNB has been buying and selling for some time now on exchanges equivalent to WEEX, Bybit, Binance, Bitget, LBank, Pionex, and plenty of others.

As for Coinbase, the choice to listing its rival’s token represents each a strategic and symbolic shift.

For years, Coinbase has been criticized for excluding BNB, citing compliance and technical limitations.

However, in its announcement, Coinbase reiterated that roadmap additions aren’t assured listings and that belongings could be delayed or eliminated if necessities aren’t met.

The resolution to transfer ahead with BNB comes because the token continues to present resilience available in the market. BNB briefly rose 2% to $1,175 following the information earlier than stabilizing.

Source: CryptoNews

The world’s third-largest cryptocurrency by market capitalization recently hit a new all-time high of $1,370, defying broader volatility triggered by a $19 billion liquidation wave across crypto markets.

Data from Coinomist Magazine shows the BNB Chain processed over 500 million transactions up to now 30 days, a 151% improve month-over-month.

Source: Coinomist

Much of that exercise has been driven by a surge in Binance-native meme coins, fueled by the platform’s rising retail engagement.

Despite management modifications at Binance, investor confidence in BNB stays strong, with many analysts pointing to its buyback mannequin and rising ecosystem utility.

The publish Coinbase Bends to Pressure – Finally Lists Rival Binance’s BNB Amid Listing Drama appeared first on Cryptonews.

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