Quick Breakdown
- Coinbase announces plans to list BNB on the BNB Smart Chain.
- CZ welcomes the decision, calling it a logical move for the exchange.
- BNB briefly rose 0.5% before stabilizing at around $1,180.
Coinbase has announced that it will list BNB, the native token of BNB Chain, marking a rare moment of alignment between two of the crypto industry’s biggest exchanges. The development triggered a mild rally in BNB’s price, which briefly rose 0.5% in the hour following the news before stabilizing.
CZ reacts to Coinbase’s listing decision
Former Binance CEO and current Head of YZi Labs, Changpeng “CZ” Zhao, responded to the announcement on October 16, describing Coinbase’s decision as an overdue but logical step. “Woke up to this. Thanks for the support from industry peers,” he wrote on X, sharing a screenshot of reactions from prominent crypto figures including Tron founder Justin Sun and Kraken’s official handle.
Zhao emphasized that listing BNB was an obvious move given the token’s market standing. “Excellent liquidity, volume, and ecosystem. Not listing it is a loss for the exchange themselves,” he said, while encouraging the BNB community to “keep building.”
BNB currently holds a market capitalization of $164.9 billion, making it the third-largest cryptocurrency behind Bitcoin and Ethereum—excluding the stablecoin Tether (USDT). The token’s brief price surge pushed it to $1,191 before pulling back to around $1,180. Over the past 24 hours, BNB has slipped by 0.2%.
Coinbase expands asset roadmap
The listing update was confirmed on October 15 through an official post by Coinbase Markets, which revealed that BNB will be added as an asset on the BNB Smart Chain—a network already supported by the exchange. Coinbase also plans to list QCAD on Ethereum and KTA on Base Network as part of its broader multi-chain strategy.
In a follow-up comment, CZ encouraged Coinbase to expand its listings to include more BNB Chain-based projects, noting that Binance has previously listed several projects built on Coinbase’s Base network.
Moreover, I would urge Coinbase to list more @BNBChain projects. @Binance has listed several Base projects. Don’t think Coinbase has listed a single @BNBChain project yet. And it’s a more active chain.
Not a trade. Just recommending, given we are on the topic of being open,… https://t.co/16WkVUM6Om
— CZ 🔶 BNB (@cz_binance) October 16, 2025
Separately, Coinbase reaffirmed its commitment to emerging markets, announcing a new strategic investment in India’s largest crypto exchange, CoinDCX — a move aimed at strengthening its global presence amid renewed competition across digital asset markets.
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