Coinbase will list the token of its main competitor.
Coinbase has confirmed its plans to list BNB, Binance's native token. This marks the first time the US exchange 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 exchanges. Coinbase and Binance have always had a strained relationship, with the companies' executives often clashing over transparency and regulatory compliance.
Interestingly, recently (October 16th), Changpeng Zhao, former CEO of Binance, demanded that Coinbase list more projects from BNB Chain, noting that Binance already has 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.
A US listing is also beneficial for Binance, as it could increase the token's legitimacy in US markets and diversify liquidity outside the ecosystem, just in time for the Binance US relaunch, which is still in development.
Источник: cryptocurrency.tech
