Legally Tangled Binance Unveils First Likely Choice For Altcoin Listing
Portfolio Pulse from Khyathi Dalal
Binance.US has updated its digital asset listing process and is considering adding new digital assets to its platform. The company will select altcoin assets for potential listing based on market demand, forecasted trading volume, liquidity, regulatory standing in the U.S., and community engagement. Currently, Binance.US is considering Sui (SUI), a delegated proof-of-stake layer 1 network, for listing. This process is similar to the one followed by Coinbase (NASDAQ:COIN) to mitigate speculative price movements post-listing.
October 14, 2023 | 2:31 pm
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Coinbase's listing process is being used as a benchmark by Binance.US for its own digital asset listing process. This could potentially increase the credibility of Coinbase's process in the market.
The news mentions Coinbase's listing process as a reference for Binance.US's updated process. While this doesn't directly impact Coinbase's operations or financials, it could potentially enhance the perceived credibility of Coinbase's process in the market. However, the impact is neutral as it doesn't directly affect Coinbase's stock price.
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IMPORTANCE 50
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