Key notes
- Binance Coin (BNB) is now listed on the US Gemini exchange for trading and custody.
- BNB is used for Binance network fees, apps, and promotions.
- The listing highlights BNB’s strength amid weak altcoin markets. .
Binance Coin (BNB) is now available on US crypto exchange Gemini, giving users another option to trade and store the altcoin. Notably, the update allows Gemini customers to access
BNB
$834.5
24h volatility:
0.6%
Market capitalization:
$115.03 billion
Flight. 24h:
$1.09 billion
directly on a regulated American platform.
According to a recent announcement from Gemini, the exchange now supports
BNB
$834.5
24h volatility:
0.6%
Market capitalization:
$115.03 billion
Flight. 24h:
$1.09 billion
which can be traded and held on its platform. Users can buy, sell, and hold the token using Gemini’s custodial services. This is a critical step for BNB as Gemini is known for taking a cautious approach when adding new assets, particularly in the United States.
BNB was created in 2017 by Binance and later became the main asset on the BNB chain. At first, it was mainly used to reduce trading fees on the Binance exchange. Today, BNB is used to pay network fees and support the activity of many applications built on the BNB chain.
Gemini pointed out that BNB has long been linked to fee reductions and promotions on Binance, based on certain conditions. Although Gemini and Binance are separate companies, the listing allows US users to access BNB without relying on foreign platforms.
This follows other notable developments introduced by Gemini in recent weeks. Gemini recently launched a new prediction market platform known as Gemini Predictions, now accessible in all 50 US states via its website and iOS app.
Binance Coin (BNB) Amid Altcoin Pullback
The listing comes during a difficult time for most altcoins. Data shows that interest in small cryptocurrencies remained low for much of the year. Many popular tokens have seen sharp price drops.
ADA
$0.35
24h volatility:
1.9%
Market capitalization:
$12.81 billion
Flight. 24h:
$527.21 million
fell well below past levels (-60% this year), and
XRP
$1.84
24h volatility:
0.6%
Market capitalization:
$111.63 billion
Flight. 24h:
$2.16 billion
also lost a large part of its previous gains (-14%).
Despite this trend, Binance Coin (BNB) has held up better than many other altcoins. At the time of writing, BNB is trading at $841.63, having hit an all-time high on October 6.
Some industry executives question whether many altcoins can survive in the long term. This pushed more investors towards
BTC
$87,273
24h volatility:
0.3%
Market capitalization:
$1.74T
Flight. 24h:
$46.14 billion
which is still considered the safest option in crypto. In this climate, Gemini’s decision to list Binance Coin (BNB) shows that the coin continues to meet exchange standards. The move places BNB among a small group of altcoins that now have access to major US platforms.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations aimed at driving mainstream acceptance and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
