The Binance Token Listing Process is a relatively straightforward process for new coins. In this blog, we’ll outline the steps for you and help you understand what to expect from the process.
Binance’s decision on whether to list a coin can have a significant impact on its price. Recently, coins have been getting listed on Binance at an unprecedented rate of 1-2 new coins per day. Here are 3 things you need to know about how the bitcoin token listing process works!
What to Expect From the Binance Token Listing Process
The Binance token listing process is a relatively straightforward process. New coins must meet certain criteria in order to be listed on the site. The criteria for coin listings include:
A solid team with a strong background in cryptocurrency and entrepreneurship
An innovative and forward-thinking project
A focus on the community and user experience
The coin must not previously be listed on any other exchange
What Tokens to Expect on Binance
Binance coins are usually coins that are not available on other major exchanges. As of 2018, Binance has already listed close to 200 coins.
If you’re looking for a new coin listing on Binance, the first thing to know is that there are plenty of tokens currently available. You can find coins like Ripple (XRP), Litecoin (LTC), and Cardano (ADA) all listed at the moment.
The Future of Listings on Binance
Needless to say, it’s in any coin’s best interest to get listed on Binance. The process for listing coins is fairly straightforward and can have a tremendous impact on a coin’s price.
In the past, Binance has been known to list new coins at an unprecedented rate of 1-2 new coins per day. In this way, they’ve become the go-to exchange for many crypto traders as they provide a wide variety of altcoins that aren’t available on other exchanges.
Binance has been adding additional resources to their team in order to accommodate the influx of new listings and ensure that each listing follows their strict guidelines. They’re also working with third-party vendors to help them process faster and more efficiently. The goal is to cut down the turnaround time from weeks or months down to days or even hours!
Binance is committed to providing a top-quality list of coins for traders all over the world. It’s not unheard of for them to invest millions of dollars into growing a coin by purchasing its tokens through methods like “airdrop” campaigns – this helps onboard new supporters and ensures that these users will be using the token after its launch.