Gemini Adds BNB Support Amid Rising Exchange Interest
Gemini now supports BNB trading and custody, joining Kraken, while Coinbase eyes future listing.
- Gemini launches BNB trading and custody support
- BNB is widely used in the BNB Chain ecosystem
- Coinbase plans BNB listing but hasn’t launched yet
Gemini, the third-largest crypto exchange in the United States, has officially launched trading and custody support for BNB, the native token of the BNB Chain ecosystem. This move positions Gemini alongside Kraken, which already supports BNB, and ahead of Coinbase, which has only added BNB to its listing roadmap without launching full trading support.
The addition of BNB on Gemini is significant, as it reflects the growing mainstream adoption of one of the most widely used utility tokens in the crypto space. BNB was originally launched by Binance in 2017 and has since become essential within the BNB Chain for paying network fees, trading fees, and participating in decentralized applications.
Why BNB Matters in the Crypto Ecosystem
BNB (short for “Build and Build”) powers the BNB Chain, a blockchain ecosystem that includes smart contracts, DeFi platforms, and NFT marketplaces. As one of the top five cryptocurrencies by market capitalization, BNB is used by millions globally for various transactions across blockchain-based services.
Its support on Gemini not only broadens access for U.S.-based investors but also increases trust and transparency by integrating with a highly regulated exchange environment. This could encourage institutional investors to explore BNB exposure without relying solely on offshore exchanges like Binance.
Coinbase Still on the Sidelines
While Kraken already offers BNB trading, Coinbase is still in the preparatory stages. The exchange recently added BNB to its asset listing roadmap, but users are still waiting for actual support to begin. Gemini’s proactive move could give it an edge in offering a more diverse selection of major crypto assets, especially to users who prioritize regulatory clarity and compliance.
This growing exchange support signals confidence in BNB’s utility and relevance in the evolving crypto market.
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