Robinhood Adds BNB Trading as Token Nears $150B Market Cap
The listing follows a remarkable rally that saw the token climb from around $500 in February to an all-time high exceeding $1,350 earlier this month.
BNB News
Robinhood has added support for BNB, granting approximately 27 million funded customers access to the world's fourth-largest digital asset by market capitalization. The listing follows a remarkable rally that saw the token climb from around $500 in February to an all-time high exceeding $1,350 earlier this month.
The move signals broader acceptance of the ecosystem among U.S. exchanges, with Coinbase adding BNB to its listing roadmap last week. The rally, dubbed "BNB SZN" by traders, was fueled by record volumes on PancakeSwap and a frenzy of meme coins that attracted more than 100,000 on-chain participants at its peak.
BNB currently trades near $1,070 with a market cap approaching $150 billion. The token's recent performance demonstrates growing investor interest in assets connected to major cryptocurrency infrastructure and decentralized finance applications built on the network.
Robinhood processed approximately $8.6 billion in crypto trading volume in August. The platform continues to position digital assets as a key revenue driver while expanding into tokenization and prediction markets as new growth areas beyond traditional trading services.
CEO Vlad Tenev recently emphasized the inevitability of tokenization's growth, comparing it to an unstoppable freight train. The firm has steadily expanded its crypto offerings since adding support for Bitcoin and Ether in 2018, now providing access to more than 40 tokens across its trading app and international exchange.
The listing comes as U.S. exchanges demonstrate a more open stance toward assets linked to major global cryptocurrency platforms. This shift reflects evolving regulatory clarity and increasing institutional demand for access to a broader range of digital assets through regulated trading venues.