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Coinbase Lists Major Competitor, Binance USD (BUSD), and Adds Support for Oasis Network (ROSE)

Coinbase, the leading U.S.-based cryptocurrency exchange, has announced that it is listing trading pairs of Binance USD (BUSD), the stablecoin issued by its biggest rival, Binance.

Coinbase Lists Binance USD (BUSD)

On April 11, Coinbase published a list of 50 tokens that were under consideration to be listed in Q2 of 2022. The list included Binance USD (BUSD), the fourth largest stablecoin by market cap.

Coinbase has now listed BUSD, making it the eighth stablecoin to be offered by the leading exchange.

According to Coinbase, Binance USD (BUSD) will function as an ERC-20 token on the Ethereum (ETH) network, not the altcoin’s native Binance Chain (BSC).

Coinbase also added the warning, “do not send this asset over other networks, or your funds may be lost.”

Coinbase Adds Support for Oasis Network (ROSE)

Hours before Coinbase announced its listing of BUSD, the exchange revealed it added complete support for the privacy and scalability token Oasis Network (ROSE). 

ROSE was made available for trading only on Coinbase Pro a day before. However, ROSE is now live across the entire Coinbase platform, including the iOS and Android apps.

On The Flipside

Why You Should Care

The development looks to bring together both exchanges, which often seem at odds with one another.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.