[4]Chrysaorene, a fully conjugated carbocyclic coronoid, is shown to be a low-bandgap π-conjugated system with a distinct open-shell character. The system shows good chemical stability and can be oxidized to well-defined radical cation and dication states. The cavity of [4]chrysaorene acts as an anion receptor toward halide ions with particular selectivity toward iodides (Ka = 207 ± 6 M−1). The interplay between anion binding and redox chemistry is demonstrated using 1H NMR analysis in solution. In particular, a well-resolved, paramagnetically shifted spectrum of the [4]chrysaorene radical cation is observed, providing evidence for inner iodide binding. The radical cation–iodide adduct can be generated in thin solid films of [4]chrysaorene by simple exposure to diiodine vapor.