Crypto trade Robinhood has listed the Binance coin for spot buying and selling for its U.S. prospects. This comes as crypto analyst Grasp Kenobi predicts that BNB and Solana might surpass Ethereum and battle for the number-two spot among the many largest cryptos by market cap.
Robinhood Lists BNB For Spot Buying and selling
Robinhood knowledge exhibits that the altcoin is now buying and selling on the crypto trade, with U.S. customers in a position to purchase it on the spot market. The token now joins the likes of Bitcoin, Ethereum, and Solana, which had been already buying and selling on the platform prior to now.
In the meantime, the BNB itemizing comes simply days after Robinhood listed CZ-backed ASTER and Plasma’s XPL. In contrast to ASTER and XPL, which jumped on the again of the itemizing, the Binance coin noticed little motion following the Robinhood itemizing.
The Binance coin was buying and selling round $1,077 amid the itemizing and remained unchanged following the revelation of the Robinhood itemizing. TradingView knowledge exhibits that the altcoin is up nearly 2% right now, rebounding alongside the broader crypto market following yesterday’s pullback.
In the meantime, it’s price noting that Coinbase additionally plans to record BNB, because it has added the token to its itemizing roadmap. These listings come after exchanges had been known as out for not itemizing the Binance coin, regardless of it being the fourth-largest crypto by market cap.
Binance Coin Outperforms BTC, ETH, and SOL
The Binance coin has outperformed BTC, ETH, and SOL for the reason that begin of the yr. CoinMarketCap knowledge exhibits that BNB has recorded a year-to-date (YTD) achieve of 53% whereas Bitcoin and Ethereum have each recorded YTD beneficial properties of 15% and Solana is down 2% YTD.
Notably, the Binance coin has a number of all-time highs (ATHs) this yr, with the newest coming simply over per week in the past when it reached $1,372. BNB’s current outperformance was partly due to the BSC meme season, which drew liquidity to the BNB chain and elevated the demand for the altcoin.
In the meantime, the market seems to be pricing within the risk that U.S. President Donald Trump will grant Binance co-founder Changpeng “CZ” Zhao a pardon, which is a optimistic for the BNB value. As CoinGape reported, the U.S. president is contemplating making this transfer, though nothing has been determined.
