Crypto trading app Robinhood has officially listed Binance Coin (BNB) for spot trading in the United States, marking the token’s long-awaited debut on one of America’s most popular retail platforms.
The move comes as market watchers grow increasingly vocal about BNB’s expanding influence – and some believe it could soon challenge Ethereum’s dominance alongside Solana.
Robinhood Opens Its Doors to BNB
The addition of BNB gives Robinhood users direct access to the fourth-largest cryptocurrency by market capitalization. The token now trades alongside Bitcoin, Ethereum, and Solana, which have long been available on the app.
According to the official page, Robinhood has officially listed BNB. BNB is the native cryptocurrency of the BNB Chain, used for transaction fees, staking, and governance within its ecosystem.https://t.co/5IxSUoiAuK pic.twitter.com/VGLHFXeiRX
— Wu Blockchain (@WuBlockchain) October 22, 2025
BNB’s listing follows a string of recent additions – including ASTER and Plasma’s XPL – though the Binance token’s reaction was surprisingly calm. It traded near $1,077 after the launch, barely moving on the day, even as the broader crypto market recovered slightly from recent weakness.
Robinhood’s listing represents a strategic expansion of its crypto offerings, especially as Coinbase prepares to follow suit after placing BNB on its listing roadmap. For years, major U.S. exchanges have avoided listing the Binance-backed asset due to regulatory uncertainty. The growing openness now signals a shift in attitude toward one of crypto’s largest ecosystems.
A Year of Strong Performance
BNB’s modest response to its listing hides a far stronger story over the course of 2025. The token has quietly outperformed most of its peers this year, logging a 53% year-to-date gain – well above Bitcoin’s 15% and Ethereum’s 15%, while Solana remains slightly negative for the year.
The latest all-time high of $1,372 was reached just over a week ago, boosted by a wave of speculative trading on the BNB Smart Chain’s meme coin season, which attracted major liquidity inflows to the network. Analysts say this on-chain activity helped solidify BNB’s position as the most active non-Ethereum ecosystem in the current market cycle.
Analysts See a Shift in the Layer-1 Hierarchy
Crypto analyst Master Kenobi is among those who believe that BNB and Solana could eventually rival Ethereum’s second-place position by market cap. He argues that faster settlement times, simpler user experiences, and aggressive ecosystem development give both blockchains an edge as the next phase of adoption unfolds.
BNB’s price also benefits from a more speculative factor: reports that U.S. President Donald Trump is considering a pardon for Binance co-founder Changpeng “CZ” Zhao, who is currently serving time in the United States. Markets appear to be quietly pricing in the potential political shift as a long-term positive catalyst for the Binance ecosystem.
BNB and Solana Market Snapshot
As of today, BNB trades around $1,077, down 2.73% over 24 hours but still maintaining a market capitalization of roughly $149.9 billion, according to CoinMarketCap. Solana (SOL), meanwhile, sits at $183.68, down 6.92% on the day, with a market cap of about $100.4 billion.
Despite short-term volatility, both tokens remain central to the current narrative of Ethereum challengers – two rising forces that could soon redefine the balance of power in the Layer-1 ecosystem.
