Coinbase Plans to List BNB Token
Coinbase (COIN) will list BNB, the native token of the Binance ecosystem. BNB is the fourth-largest cryptocurrency by market value. Coinbase shared this update on its official listing roadmap on Wednesday.
The exchange said BNB trading will start once market-making support and technical infrastructure are ready. A separate announcement will confirm the launch date.
Criticism of Exchange Listing Standards
This news comes amid criticism of how centralized exchanges list new tokens. Jesse Pollak, founder of Ethereum Layer-2 network Base, said exchanges should list tokens for free. Crypto trader Yazan responded, calling Pollak’s comment “meaningless” unless Coinbase lists BNB.
Earlier, Arca CIO Jeff Dorman accused Coinbase of inconsistent listing standards. He said Coinbase lists some poor assets while ignoring better ones.
Binance Faces Similar Backlash
Binance also faced criticism. CJ Hetherington, CEO of Limitless Labs, claimed Binance asked for up to 8% of his company’s tokens and a $2 million BNB deposit for a spot listing. He said Binance demanded airdrops, marketing shares, and liquidity provisions.
Binance denied these claims in a now-deleted post. The exchange called the allegations “false and defamatory.” Binance said deposits are refundable and help prevent low-quality tokens from listing.
Binance also faced criticism after $19 billion in crypto liquidations last weekend. Some traders said Binance caused the liquidations on purpose. Others blamed a pricing oracle error.
In response, Binance launched a $400 million relief fund called the “Together Initiative.” This fund supports traders who lost money during the market dip.
BNB’s price dropped over 2% in the last 24 hours. Coinbase’s stock (COIN) closed with a 1.5% gain on Wednesday.
