Binance ranks as the biggest crypto exchange in the world. The firm is looking to ramp up listings by tapping extensively into its decentralized exchange, DEX. The listing will be made using anew community-driven selection program.
— Binance (@binance) June 13, 2019
According to an official announcement, the new initiative is well designed to list at least one project on Binance.com every month. The listing will take place over the next 3 months. Projects will be chosen from the many projects that are currently trading on Binance DEX.
All the selected projects will get a free listing. However, it is mandatory for projects to meet the minimum requirements. One of the primary requirement for these projects is that they must maintain a daily trading volume of over $50,000. That volume must remain constantly above the set threshold in their respective trading pair on the Binance DEX. Projects must fulfil this requirement daily in the month leading up to the potential listing.
The company will announce the winning altcoin for every month between the 20th and 25th of the month. Any token listed on Binance will always appreciate in its value. To show the impact of getting a Binance listing after trading as a BEP-2 token on the DEX platform, several success stories exist. One such success story is Fantom (FTM).
FTM saw its price explode with an over 70% surge after it became the first DEX listing to jump to Binance’s main exchange earlier this week. Binance is committed to enhancing the mass adoption of cryptocurrencies. The firm also launched its Binance Lite Australia platform earlier this year aiming to gain ground in the Australian market.
On March 20, Binance introduced the easiest way to get Bitcoin using cash in Australia. That cash-to-crypto service platform now accelerates the rate of crypto adoption in the country. Thus, the new listing announcement on its DEX platform will help in the growth of the crypto sector in general.