- Binance listing rumors intensified in the run-up to the Cardano Summit.
- A fireside chat with Binance‘s CEO left users disappointed.
- Fredrick Gregaard hints it’s not over.
A Binance listing can transform a crypto project’s fortunes, offering increased exposure and liquidity. As the Cardano Summit began, anticipation soared that Cardano Native Tokens (CNTs) might soon debut on the worldโs largest crypto exchange.
However, the fireside chat between Binance CEO Richard Teng and Cardano Foundation CEO Frederik Gregaard ended without mention of a listing, disappointing many. Yet, as the summit wrapped up, Gregaard offered a glimmer of hope, hinting that CNT listings on Binance may still be in the cards.
Cardanoโs Gregaard Keeps Hopes Alive
Thursdayโs fireside chat between Teng and Gregaard ended without the anticipated announcement that CNTs will be listed on Binance. The lack of news frustrated attendees who had hoped for a major integration to boost the ecosystem.
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However, closing out the Cardano Summit on Friday, Gregaard struck a more optimistic tone. He celebrated the summitโs success in showcasing Cardanoโs impact and hinted that Binance CNT listings may not have happened yet.
Gregaard shared that Teng expressed enthusiasm for the event and plans to return next year. He added that Cardano projects leveraged the summit to connect directly with the Binance team, seizing the chance to ask candid, face-to-face questions about the listing process.
โI know some of the projects that haven't been listed yet on Binance had the opportunity to speak to the Binance team and get clarification about the process and what we can do," stated Gregaard.
Binance Listings Are Pricey
Binance stated that its “listing process is subject to a rigorous and thorough due diligence process.”
Although Binance has not publicly disclosed full details of its evaluation criteria, the exchange has confirmed that it looks for projects with a proven team, a useful product, and a large user base.
BitMEX co-founder Arthur Hayes recently claimed that, in reality, top-tier exchange listings come at a high price. According to Hayes, Binance requires up to 8% of a token’s supply, while most other major exchanges charge between $250,000 and $500,000, payable in stablecoins.
On the Flipside
- Binance listed the Moo Deng memecoin as a futures contract on October 25.
- Binance‘s share of the spot trading market continues to fall.
- ADA has been ranging between $0.306 and $0.417 since September.
Why This Matters
As Cardano’s technological excellence continues to outpace its market presence, a Binance listing of CNTs would help bridge the gap between the blockchain’s potential and its market valuation.
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