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

• After the launch, WhaleAlert’s Twitter account flagged a $122,895,760 BUSD burn by the Binance exchange’s address.

Why You Should Care

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