In the midst of the 2022 cryptocurrency collapse, investors found themselves amid chaos as the crash of FTX shook several crypto exchanges. The immediate reaction saw customers rapidly transferring their balances to cold wallets, raising fears of further exchange bankruptcies. Amidst this turmoil, Binance‘s CZ made a pivotal move by targeting Coinbase.
BNB Coin Headlines
During the 2022 crash, CZ highlighted potential risks in certain exchanges, including remarks about Coinbase. Those who recall will remember Coinbase’s CEO responding with, “We are a public company, and you may be held accountable for what you say about us.” Consequently, Binance removed USDC pairs supported by Coinbase from its platform.
As the crypto winter faded, a new era dawned—crypto summer. In what appeared to be a peace gesture, Binance reintroduced USDC pairs. The rivalry between the two crypto giants transitioned into collaboration, something that was foreseen to carry more weight.
Indeed, this foresight materialized when Coinbase recently added BNB, Binance’s native token, to its listing roadmap. It is expected that Binance-supported altcoins will soon start trading on Coinbase. Listing a competitor’s native token could be seen as a risky move, yet Coinbase is proceeding with it. BNB continuously reaches new all-time highs, attracting significant trading volumes, with U.S. customers eager to access this asset.
