Standard Chartered Predicts BNB Surge to $2,775 by 2028
BNB, the native token of Binance’s BNB Chain, is set to deliver strong and steady gains in the coming years, according to a new research report from global investment bank Standard Chartered.
The bank’s head of digital assets research, Geoff Kendrick, forecasts the price could reach $2,775 by the end of 2028—more than quadrupling its current value of around $600.
This bullish outlook is grounded in the crypto’s historical trading pattern, which closely mirrors an unweighted basket of Bitcoin (BTC) and Ethereum (ETH) in terms of returns and volatility. Since May 2021, the Binance token has moved nearly in lockstep with the two largest cryptocurrencies, suggesting it may continue to behave as a proxy for the broader digital asset market.
Top cryptos by market cap (Source: CoinMarketCap)
Also read: Step-by-Step Guide to Buy Binance Coin
Kendrick’s analysis emphasizes the strong structural position of Binance and the role of its native token within its ecosystem. “BNB’s value drivers are unlikely to change anytime soon,” Kendrick wrote, citing Binance’s dominant position among centralized exchanges (CEXs) as a key stabilizing force.
As long as Binance retains this leadership role, the crypto’s relevance and growth potential are expected to remain intact.
BNB Chain’s Unique Position Among Smart Contract Platforms
BNB Chain, the smart contract blockchain that supports the Binance token, is primarily used for decentralized exchanges (DEXs), lending protocols, and liquid staking. Kendrick notes that its ecosystem is more concentrated compared to those of Ethereum or Avalanche, making BNB Chain resemble a more traditional or “old-fashioned” smart contract platform.
Also read: BNB ETF on the Horizon: VanEck Files to Bring Binance Token to Wall Street
This concentration, however, could be a strength. While Ethereum has moved toward broader decentralization and support for a diverse range of decentralized applications (dApps), BNB Chain has maintained a narrower, utility-driven scope. This has made it more efficient in serving the financial operations that dominate decentralized finance (DeFi), such as token swaps, liquidity provision, and staking.
Top chains by total value locked (TVL) (Source: DefiLlama)
BNB’s role within Binance’s vast ecosystem also gives it unique utility. It is used to pay for trading fees, access token sales on Binance Launchpad, and participate in governance decisions on the BNB Chain. This combination of utility and demand creates a strong foundation for price appreciation, especially if crypto adoption continues to expand in the years ahead.
BNB as a Benchmark for Digital Assets?
One of the more striking assertions in the report is that BNB could evolve into a benchmark token for the broader digital asset space. While Bitcoin and Ethereum have traditionally dominated institutional portfolios, Kendrick’s note suggests that the crypto’s risk-return profile makes it a strong candidate for broader benchmarking purposes.
Also read: Top Trending Cryptos in March on X: Bitcoin, Solana, and Binance Coin Dominate 2025 Chatter
If BNB continues to track BTC and ETH in performance while offering unique advantages through its Binance affiliation, it could become a more prominent asset for investors looking for diversified crypto exposure. This could be especially appealing to institutions seeking a stable, high-utility asset in the fast-moving and often fragmented world of digital assets.
Still, some challenges remain. BNB’s strong ties to Binance expose it to potential regulatory scrutiny, particularly in jurisdictions where centralized exchanges face increasing legal pressure. Additionally, its “concentrated” structure may make it less adaptable than Ethereum or newer competitors like Solana and Avalanche as the crypto landscape continues to evolve.
Nonetheless, Standard Chartered’s projection reflects a broader trend of traditional financial institutions deepening their analysis of digital assets and identifying long-term investment opportunities.
