Cryptocurrency exchange Binance has been drawing attention recently by adding altcoins such as KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and most recently ETHW to its futures trading platform Binance Futures. Experts believe that Binance is using this method to make a profit without taking on excessive risk.
On Binance’s futures trading platform, there are many altcoins that are not listed on the spot market. The cryptocurrency exchange has recently been focusing on futures listings rather than spot listings, rapidly adding altcoins such as KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW to its futures offerings. The unique aspect of these altcoins is that they are not present in spot listings.
Experts suggest that the reason for offering futures contracts for altcoins not listed on the spot market is to earn transaction fees without taking on excessive responsibilities. The fact that initiating a futures contract for an altcoin is simpler than listing it on the spot market supports this.
Listing an altcoin on the spot market requires the cryptocurrency exchange to hold the coin/token or perform technical matching. Experts believe that Binance will continue to advance with this model and will expand its listings to become more comprehensive.
Last month, Binance launched futures trading for many altcoins. Among these are coins/tokens that are listed as well as those that are not listed on the spot market. Altcoins offered for futures trading in the last month with leverages up to 50x include ETHW, ONG, SUPER, USTC, 1000BONK, PYTH, BEAMX, KAS, MBL, NTRN, ILV, BADGER, STEEM, ORDI, MEME, TOKEN, TWT, CAKE, SNT, TIA, SLP, POWR, POLYX, and GAS.