Standard Chartered Predicts BNB Price Could Double in 2025

British multinational bank Standard Chartered has published a report on BNB, the native cryptocurrency of the Binance exchange, forecasting that the token could double in price by the end of 2025 and climb to $2,775 by the end of 2028. 

Analysts argue that BNB’s correlation with Bitcoin and Ethereum makes it a “benchmark” asset, despite its network remaining more centralized than its competitors.

At the time of writing, BNB is trading at approximately $605 across major platforms, including Binance, OKX, Bybit, and Kucoin). Based on the bank’s projections, the token could reach $1,275 before the end of the year. 

Standard Chartered grounds its forecast in two core factors:

• BNB’s deflationary token model
• Its close integration with Binance, the leading centralized exchange in the market

Standard Chartered Forecasts

BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,

wrote Geoffrey Kendrick, global head of digital assets research at Standard Chartered. 

He added that the correlation is likely to persist: 

We expect this relationship to continue to hold, driving BNB’s price from around USD 600 currently to USD 2 775 by end-2028.

Alongside BNB, Kendrick also issued updated projections for other major cryptocurrencies:

• BTC: $200,000 by the end of 2025, rising to $500,000 by the end of 2028
• AVAX: a tenfold increase in value 
• XRP: reaching $12.50 per token by the end of 2028

Related: Bitcoin Could Hit $500,000 by 2028, Says Standard Chartered

Centralization and Deflationary Model

BNB Chain operates under a Proof-of-Staked Authority model, where only 45 validators are selected daily based on the volume of staked tokens. This structure makes the network more centralized compared to Ethereum, which currently has over one million validators. 

Developer activity on BNB Chain has remained relatively low since the peak of the DeFi cycle in 2021. The result is a more stable but less innovation-driven ecosystem.

Nonetheless, BNB continues to sustain demand through its burn mechanisms and deflationary tokenomics. Previous burns have already reduced the circulating supply, while upcoming upgrades (Pascal and Maxwell) are expected to reenergize developer engagement and potentially improve network performance.

Related: CZ Introduces AI-Based Learning Tool for BNB Chain

Connection to Binance and VanEck’s BNB ETF Filing

Integration with one of the largest centralized exchanges provides BNB with additional utility: token holders receive trading fee discounts on Binance, based on their account balance and trading volume.

At the same time, decentralized exchanges built on BNB Chain, particularly PancakeSwap, continue to dominate on-chain transaction activity.

On May 5, VanEck filed for the first U.S.-listed spot BNB ETF. If approved, it could increase institutional exposure to the token and strengthen confidence in its long-term outlook.

However, recent precedent offers a note of caution. The approval of Ethereum spot ETFs in the U.S. has so far failed to significantly move the market. A year after trading began, ETH’s price behavior has become something of a meme within the crypto community.