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Journalist Highlights Binance’s Recent Approach to Token Listings

Published 11/28/2023, 07:42 PM
Updated 11/28/2023, 07:45 PM
Journalist Highlights Binance’s Recent Approach to Token Listings

  • Wu Blockchain noted that most tokens recently listed on Binance are only available for futures trading.
  • Tokens mentioned include KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW.
  • The journalist said adding a token for futures trading is less complicated than adding for spot trading.

The world’s leading cryptocurrency platform, Binance, appears to have adopted a different approach to listing tokens and making them available to users on its platform.

Noting these changes, reputed crypto media Wu Blockchain, in a recent tweet on X, highlighted a number of tokens listed on the crypto exchange for futures but not for spot trading. The tokens mentioned were KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW.

According to the post, this new approach has been noticed in many of Binance’s recent token listings. On why the exchange is taking that approach, Wu Blockchain said, “Analysis pointed out that the core reason is that this can earn fees without taking on excessive responsibilities. Contract users have a strong tolerance for ups and downs, while spot users will criticize the price drop.”

The post Journalist Highlights Binance’s Recent Approach to Token Listings appeared first on Coin Edition.

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