It is observed that the cryptocurrency exchange Binance has recently increased its listings on the futures platform.
Binance has also made futures listings for altcoins that have already been traded in the spot market for a long time, which suggests that the exchange has made a policy change in this area.
It is estimated that the reason for the increase in listings recently is the desire to compete with the market share in futures transactions of Bybit, which offers a wide range of altcoins. Bybit was especially preferred by users who did not have a lot of transaction volume in the spot market and wanted high risk because it listed some small-scale altcoins in their futures transactions.
However, there seems to be a high probability that altcoins that are listed in the spot market on Binance but are not traded in futures, but are listed in futures on Bybit, will also be listed on Binance. The following altcoins seem compatible with these criteria:
- Rocket Pool (RPL)
- BitTorrent (BTT)
- JUST (JST)
- Golem (GLM)
- Siacoin (SC)
- Illuvium (ILV)
- Kadena (KDA)
- Steem (STEEM)
- Civic (CVC)
- Nano (XNO)
- Prom (PROM)
- Request (REQ)
- Neutron (NTRN)
- Sun (SUN)
- BadgerDAO (BADGER)
- Bounce (AUCTION)
- Ampleforth (FORTH)
- Voyager (VGX)
- Multichain (MULTI)
- Biswap (BSW)
Binance announced that it would also list TWT, which was last listed in Bybit futures, on its platform.
*This is not investment advice.
