Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: RustyDegen on December 15, 2024, 05:33:27 PM
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I understand Binance don't really list a lot of projects on their Pre market, but I'm surprised the low trading volume they have according to a blog I just read today.
Even though 22 projects is lessee then others, Binance has around $23m of trading volume in total on their pre market which is lesser than what OKX($80m), Bitget($50m), and Bybit($30m) have.
I've actually only used Binance premarket once and it was decent, those other exchanges probably doing something better than them I guess
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I understand Binance don't really list a lot of projects on their Pre market, but I'm surprised the low trading volume they have according to a blog I just read today.
Even though 22 projects is lessee then others, Binance has around $23m of trading volume in total on their pre market which is lesser than what OKX($80m), Bitget($50m), and Bybit($30m) have.
I've actually only used Binance premarket once and it was decent, those other exchanges probably doing something better than them I guess
You have explained the reason for the low volume on Binance premarket trading options. Binance does not list too many coin on it exchange is correct for its low trading volumes, it can not be compared to other CEX exchanges that has many premarket listed tokens running. As a matter of facts, the more a CEX exchanges has more premarket trading tokens, the more the daily trading volumes over times
Again, there are certain factors to consider while assessing CEX exchanges trading volumes especially premarket trading options.
For example, Investors/traders demand for premarket listed token may be very low but may be very high when token is officially listed on the Spot trading option.
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I understand Binance don't really list a lot of projects on their Pre market, but I'm surprised the low trading volume they have according to a blog I just read today.
Even though 22 projects is lessee then others, Binance has around $23m of trading volume in total on their pre market which is lesser than what OKX($80m), Bitget($50m), and Bybit($30m) have.
I've actually only used Binance premarket once and it was decent, those other exchanges probably doing something better than them I guess
Binance doesn't need to focus on premarket because they have the LaunchPool feature. These other exchanges are listing newer coins because they will be paid once they list those tokens. Binance doesn't need it because they're earning higher than these other exchanges.
Also, correct me, but most of the coins that are going to premarket are meme coins and Binance isn't listing as much meme coins as other exchanges are doing. They still are doing their research on these meme coins, and if that coin turns into a scam coin, the reputation of the exchange will get affected.
If you want to focus on pre-market, I suggest Bitget for you because they're constantly listing new coins on pre-market.
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Hmmmmm
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Maybe Binance is focusing more on their main exchange and not prioritizing the pre-market as much? Bitget for instance took their pre-market seriously and the platform now listed 28 projects with a total trading volume of $31.7 million.
Binance is just a copy cat, they never have premarket in their exchange before. It was because they saw that many exchanges are doing well than them with new users on boarding, that's why they included that feature but they are not listing public coins like the way other coins ar doing, so they don't have much people using the exchange premarket.
Binance are very strcik with listing, compare the premarket of Bybit and what Binance has listed ever since Binance went public, you will see there is more projects in Bybit pre market, this is because Bybit listing isn't hard like the way Binance is strict in listing coins.
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I understand Binance don't really list a lot of projects on their Pre market, but I'm surprised the low trading volume they have according to a blog I just read today.
Even though 22 projects is lessee then others, Binance has around $23m of trading volume in total on their pre market which is lesser than what OKX($80m), Bitget($50m), and Bybit($30m) have.
I've actually only used Binance premarket once and it was decent, those other exchanges probably doing something better than them I guess
To be honest I saw lots of people who were investing on pre market even then I saw some people were having profit but most of them over face loss, I am talking about the people I know who were invested on pre market.
And regarding what you are saying here that by Binance exchanger have low market volume and the others have bigger market volume maybe the reason is only because the others were the part of promotion or the effect of well marketing.
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Binance are very strcik with listing, compare the premarket of Bybit and what Binance has listed ever since Binance went public, you will see there is more projects in Bybit pre market, this is because Bybit listing isn't hard like the way Binance is strict in listing coins.
It's such a weird thing to see because I notice that they list new pairs more easily nowadays. I believe there has been a discussion about it in this forum, in which some users believe the quality of Binance's new listing is lower compared to the past. Will they list new pairs faster on their pre-market if the government doesn't slap them with another fine because of it?
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Even though 22 projects is lessee then others, Binance has around $23m of trading volume in total on their pre market which is lesser than what OKX($80m), Bitget($50m), and Bybit($30m) have.
I've actually only used Binance premarket once and it was decent, those other exchanges probably doing something better than them I guess
Binance have strict rules with their exchange listing and that’s what they have been following for a while now and that has made them stand out amongst other exchanges when it comes to listing of new coins. Binance don’t engage much in premarket trading but when they announce that they’re going to list a coin, it gains more hype and may likely get a good price at listing or make the price goes higher and better in the future. They have a reputation they’re protecting, so it won’t be nice to list scam token all in the name of them looking for attention and to onboard new users as other exchanges benefits from doing that.