- Trump’s CZ pardon boosts market confidence and fuels renewed demand for BNB.
- Coinbase and Robinhood listings expand BNB access for U.S. traders.
- Analysts eye $1,350 target if BNB breaks past $1,147 resistance.
Binance Coin (BNB) has climbed over 2.5% in the past 24 hours after U.S. President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao. The decision, alongside new BNB listings by Coinbase and Robinhood, sparked renewed investor confidence and pushed the token’s price above $1,130.
Trump Pardons Binance Founder CZ
President Donald Trump officially pardoned Binance founder Changpeng “CZ” Zhao, calling his conviction part of a “politically motivated prosecution.” The announcement followed his criticism of past regulatory crackdowns that limited crypto innovation in the United States.
White House Press Secretary Karoline Leavitt said the decision aims to “restore fairness and support innovation” within the financial system. Following the news, CZ expressed gratitude on X, stating the pardon represents “America embracing innovation again.”
The move surprised many in financial circles and reignited discussion about Trump’s growing influence in shaping pro-crypto policy. The announcement also triggered a quick rebound in BNB’s market value, which rose above $1,130 shortly after the statement.
BNB Listings Boost Market Access
Coinbase announced it will list BNB, allowing more U.S. traders to access the Binance token. This marks a rare decision since BNB is linked to a competing exchange. Robinhood also confirmed it will offer BNB trading on its platform.
The dual listings have created broader access for U.S. retail investors, further lifting demand. Market analysts said the move could expand BNB’s visibility among mainstream users and increase overall market liquidity.
BNB Technical Outlook and Next Target
BNB recovered strongly from the $1,050 to $1,080 support area, maintaining a steady uptrend. The price now trades around $1,138 with resistance near $1,147. If the token closes above this level, analysts expect a rally toward $1,350 the previous local high recorded in early October.
Open interest in BNB futures increased by 4% after the news, indicating that traders are increasing their exposure. The market remains cautiously optimistic, with trading volume rising by nearly 49%, reflecting growing confidence in the asset’s recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
