In the crypto market, every trader thinks of finding the next big token before its price surges to new heights. Binance, the world’s largest crypto exchange with more than 270 million users across 180 countries, plays a major role here. It is one of the important pillars of the crypto market, which holds a massive influence on the market.
A crypto asset’s listing on Binance can mark a turning point as it gives global exposure and liquidity to the asset. If the token bags a Binance listing, it has a great chance of gaining popularity. However, the exchange disclose listing details before the token is finalized and shared via a listing announcement. Hence, investors often look at factors that signify that the token may be going to be listed on Binance.
In this article, we look into the factors that signal that the token has the potential to be listed on Binance.
Why Binance Listing is Important?
Binance listing is one of the main factors behind the success of any crypto project. Here are some reasons behind that:
Increased Liquidity
Binance is the biggest crypto exchange with users all over the world. This large number of crypto traders provides high liquidity and trading volume to the token.
For example, after Solana’s listing on Binance in 2020, it has seen a meteoric rise in its price and trading volume.
Increased Credibility
If a token is listed on Binance, it indicates that the token has greater potential because it has gone through multiple evaluation processes before listing on the exchange. This increased credibility after the Binance listing helps in attracting more investors and partnerships for the crypto project.
Support for Project Development
Beyond listing, Binance also provides tokens with support from Binance Labs, Binance Launchpad, which helps in services like financing, advisory, marketing, etc.
Impact on Token Price
If a token is listed on Binance, its price may surge to new heights which has been in case of major cryptocurrencies, including Avalanche (AVAX), Polygon (POL), Pepe (PEPE), Solana (SOL), etc.
What are the Criteria for Binance Listing?
Though there is no exact criteria highlighted by Binance on listing, its founder, CZ, has highlighted various criteria in his statements and tweets to get listed on Binance, which are as follows:
- User Base: According to CZ, a number of users on the project is an important criterion for listing on Binance because a large community highlights that the project has a strong demand and is not only based on profit.
- Strong Team: If the project founder and the team has experience in crypto projects with a good record, then there is a potential for Binance listing.
- Focus on Development: Binance founder CZ suggests that the projects should concentrate on developing their projects to cater to the growing needs of the ecosystem.
- Incorporation of BNB/BUSD: If a crypto project includes BNB/BUSD in its ecosystem or raises BNB during its fundraising phase, then it has high potential to be listed on the Binance exchange.
- Security: If a project has high security standards and maintains regular security audits, then it has a chance of listing on the exchange.
How to Spot a Token Before Binance Listing
As mentioned earlier, Binance does not reveal the details before the listing is finalized. However, some indicators highlight that the token may soon list on Binance, which include:
Featuring on CoinMarketCap’s Trending Section
CoinMarketCap is the leading crypto tracking platform owned by Binance. If a token features on the trending section of CoinMarketCap too often while in early stage, then it might suggest internal tracking of the coin that may soon be listed on Binance.
Sudden Surge in Liquidity
If a crypto asset sees a massive surge in liquidity with its appearance on major decentralized crypto exchanges and centralized crypto exchanges, then it may have chances of Binance listing in the near future.
BEP-Integration
If a crypto project was built on Binance Smart Chain or is compatible with Binance Smart Chain (BNB Chain), then it may have great chances of Binance listing.
Binance Labs
Binance Labs is the Venture Capital of Binance, its primary work is to identify and support the crypto startup projects. Hence, if a crypto asset is supported by Binance Labs, then it has a high possibility to be listed on Binance. For example, Polygon and Injective were key projects supported by Binance Labs and then listed on the exchange.
Binance Alpha
Binance Alpha is a new feature of Binance within the Binance wallet. Its main goal is to focus and highlight projects at an early stage which has great potential in the crypto ecosystem and serves as a pre-listing token selection pool. Hence, if a token is featured on Binance Alpha then its chances of listing on Binance Exchange increases.
Social Sentiments
Social Sentiments play a crucial role in spotting crypto with potential of Binance listing. By tracking mentions from Binance insiders and key influencers on platforms like X (Twitter), Reddit and Telegram, you can ascertain social sentiment around a specific project. With discussions around social media, you could predict if the token could get listed on Binance. However, there’s no surety of the same.
Final Thoughts
Identifying crypto assets before Binance listing requires a good knowledge of market behaviour, community tracking and observations. Though there is no guarantee of spotted tokens to be listed on Binance, it can help investors to stay one step ahead in the crypto market.
With Binance dominating the crypto exchange space, early spotting of potential crypto projects can lead to a strong crypto portfolio of a trader, which aligns with the momentum before the rest of the market catches on.
However, while this could lead to unimaginable gains, it could be a risky move in case the token doesn’t get listed on the exchange despite the above-mentioned signals. Hence, it’s better to always DYOR and diversify your portfolio to mitigate potential risks.
