Cryptocurrency exchanges are improving their altcoin listing processes. Binance US has also joined the trend. It is now possible to predict the altcoins that can be listed. Coinbase has already been doing this. The exchange announces the altcoins that are being considered for listing in advance and completes the process by sharing the listing announcement the next day or within a week.
Altcoins to be Listed on Binance
Binance US has announced that it will follow the same path as Coinbase and announce the altcoins it plans to list in advance. The first altcoin to be added to the list was announced as SUI Coin. Coinbase added this process to the listing flow to reduce speculative price movements. However, the altcoins added to the listing roadmap have resulted in similar outcomes to listing announcements, causing prices to rise again.
Investors should not assume that altcoins added to the roadmap will definitely be listed on the exchange. The process on Coinbase was as follows:
- The relevant altcoin is added to the listing roadmap.
- The listing is done the next day or within that week.
- If the listing is not done in the short term, the likelihood of listing decreases and listing takes place within a few months.
- If there is no listing within a few months, the altcoin is removed from the roadmap.
Binance US stated the following in its announcement today:
“We are pleased to announce that we have made an update to our cryptocurrency listing process. To make it easier to add new cryptocurrency assets to our platform, we will proactively announce certain assets that are being considered for listing. These announcements will be made as needed to provide a more transparent listing process and more visibility on upcoming listings for our customers and community. When making the decision to proactively announce an asset under evaluation, we consider various factors including market demand, projected trading volume and liquidity, regulatory status in the United States, community engagement levels, and more.”
