Coinbase, the largest cryptocurrency exchange in the US, surprisingly announced yesterday that it has added Binance Coin (BNB), the native token of the Binance ecosystem, to its listing roadmap.
This move marks the first time that Coinbase has directly expressed support for a major asset in the Binance ecosystem.
This development follows recent debates regarding listing fees and transparency in the crypto industry. Earlier this week, Binance denied “baseless and defamatory” claims by CJ Hetherington, CEO of Coinbase Ventures-backed Limitless Labs, that the exchange charges fees for listing tokens.
Amid the controversy, Coinbase’s Head of Base Network Jesse Pollack made headlines when he said the exchange’s listing fees “should be 0%.” The statement prompted calls from the community for Coinbase to “lead by example” and list BNB for free.
BNB sharing from CZ!
Binance founder and former CEO Changpeng Chao (CZ) said that the failure to list BNB was a loss for the exchange after Coinbase added it to its listing roadmap.
CZ said on his X account that listing BNB, the third-largest cryptocurrency by market capitalization, is a natural step for any exchange.
CZ said it would be a loss for the exchange not to list BNB and thanked industry colleagues for their support.
Citing TRON founder Justin Sun and Kraken Exchange’s BNB stock, CZ wrote:
“I have realized this and would like to thank my colleagues in the industry for their support.
“It makes perfect sense to list the third-largest cryptocurrency by market capitalization. It has better liquidity, trading volume, and ecosystem. Not listing it would be a loss for the exchange itself.”
*This is not investment advice.