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Robinhood Lists BNB as Coinbase Confirms Planned Support

The moves signal a break from U.S. exchanges’ reluctance to support rival‑issued assets.

Overview

  • Robinhood activated BNB trading for U.S. customers, extending access to roughly 27 million funded accounts.
  • Coinbase said it will support BNB with a BNB‑USD pair once liquidity and regional approvals are satisfied, requiring deposits on the BNB Smart Chain only.
  • Market reaction was modest, with BNB hovering near $1,070 and maintaining a roughly $148–$150 billion market value that ranks fourth among cryptocurrencies.
  • BNB has climbed from about $500 in February to an October peak around $1,370, propelled by heavy BNB Chain activity including PancakeSwap volumes and memecoin trading.
  • The listings broaden retail and institutional access in the U.S. and could redistribute liquidity beyond Binance’s venues while underscoring exchanges’ custody and listing safeguards.