Standard Chartered Bullish on Binance Coin (BNB): Predicts $2,775 by 2028

Standard Chartered Bank has released a highly optimistic forecast for Binance Coin (BNB), predicting a potential rise to $2,775 by 2028. This projection, led by Geoff Kendrick, head of research at the bank, suggests a staggering 364% upside from current levels. BNB, the fifth-largest cryptocurrency by market capitalization, has shown a strong correlation with the performance of an unweighted basket of Bitcoin and Ethereum since May 2021. The report highlights BNB’s resilience and growth potential in the evolving crypto market.

Standard Chartered Predicts BNB to Reach $2,775 by 2028

Standard Chartered Bank has projected a bullish trajectory for Binance Coin (BNB), forecasting a potential surge to $2,775 by 2028. The analysis, led by Geoff Kendrick, head of research at the bank, suggests a 364% upside from current levels. BNB, the fifth-largest cryptocurrency by market cap, has historically mirrored the performance of an unweighted basket of Bitcoin and Ethereum since May 2021.

The report underscores BNB’s resilience and its alignment with broader market trends. Kendrick’s outlook hinges on the continued dominance of Binance’s ecosystem and the growing institutional interest in crypto assets. "BNB has traded almost exactly in line with an unweighted basket of Bitcoin and ether since May 2021 in terms of both returns and volatility," he noted.

Binance’s Proof of Reserves Shows Overcollateralization for Major Cryptocurrencies

Binance’s May 2025 proof of reserves report demonstrates robust asset backing, with reserves exceeding customer balances by 2%+ for flagship cryptocurrencies. The exchange holds 616,886 BTC against 604,886 BTC in client assets—a 102.06% coverage ratio. Similar overcollateralization appears in Tether reserves, where 29.6 billion USDT backs liabilities with a 102.07% buffer.

The monthly audit covers 37 digital assets, reinforcing Binance’s position as an industry leader in transparency. Such disclosures have become critical differentiators for exchanges since FTX’s collapse, with institutional traders particularly attentive to reserve ratios during periods of market volatility.