Cryptocurrency exchange Coinbase adds Binance’s BNB token to its listing roadmap. Debate sparked online regarding listing requirements, with Binance’s CEO claiming there was a 2 million BNB security deposit for a spot listing, while Coinbase’s head of Base suggested it should cost 0% to be listed on an exchange.
Binance responded to the debate with a since-deleted post threatening legal action against Limitless Labs CEO CJ Hetherington. The exchange later apologized for the excessive communication and clarified that it did not accept fees for listing tokens. Despite the controversy, Coinbase followed by adding BNB to its roadmap for listing.
Former Binance CEO Changpeng “CZ” Zhao praised Coinbase’s decision to list BNB but urged the exchange to list more BNB Chain projects. CZ, Binance’s largest shareholder, stepped down as CEO following a deal with US authorities in 2023, yet reportedly controlled 64% of the circulating supply of BNB as of June 2024.
Binance and Coinbase increase transparency in token listings amid the growing number of cryptocurrencies. Binance launched a community co-governance structure allowing users to vote on token listings, while Coinbase CEO Brian Armstrong emphasized the need to rethink the listing process due to the increasing number of tokens being created weekly.
As of Thursday, BNB ranked as the third-largest cryptocurrency with a market capitalization of approximately $160 billion. The price of BNB was $1,149 at the time of publication, according to data from Nansen. Both exchanges aim to adapt their listing processes to accommodate the expanding crypto market.
Read more at Cointelegraph.com
Bitcoin price reaches new all-time high of $60,000, fueled by institutional interest and positive market sentiment. The cryptocurrency has surged over 100% in 2021, attracting more investors seeking a hedge against inflation and economic uncertainty.
Ethereum also hits record high of $2,100 as demand for decentralized finance (DeFi) platforms grows. The second largest cryptocurrency by market cap has seen a 180% increase this year, driven by the rise of NFTs and the upcoming Ethereum 2.0 upgrade.
Tesla announces that it now accepts Bitcoin as payment for its products, becoming the first major car manufacturer to do so. Elon Musk’s company also revealed that it has invested $1.5 billion in Bitcoin, further legitimizing the cryptocurrency as a store of value.
PayPal launches cryptocurrency checkout service for US customers, allowing them to use Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to make purchases at millions of online merchants. The move is expected to accelerate mainstream adoption of digital assets as a means of payment.
Federal Reserve Chair Jerome Powell states that the central bank is exploring the possibility of issuing a digital dollar, citing the need to keep up with the changing landscape of payments. The move could potentially streamline transactions and provide greater financial inclusion for underserved communities.: What’s Behind Coinbase Adding Binance’s BNB to its Roadmap?