Binance, the cryptocurrency exchange, has added 37 projects to its listings in 2022 and 22 more in 2023. According to Layergg, an analysis company, there is a possibility of Binance initiating a listing spree in anticipation of the upcoming bull market.
The analysis company has made predictions regarding potential listings and their justifications:
- XDC Network (XDC)
XDC Network, a tokenization project, recently formed a partnership with SBI VC Trade. It distinguishes itself as the sole ISO 20022 compliant project that has yet to be listed on Binance. Given Japan's ongoing government-led tokenization and stablecoin initiatives with SBI at the forefront, analysts anticipate that Binance Global might strategically list multiple projects related to Japan.
- Toncoin (TON)
Toncoin, the only project with a top 20 market cap that is not yet on Binance's listing, has gained approval as a virtual asset by the DFSA. Given Binance's expansion efforts in Dubai, this development strongly suggests the possibility of Toncoin being listed, as per analysts' assessments.
- Helio Protocol (HELIO)
Helio Protocol, which received $10 million in backing from Binance Labs, is included in BNB Chain's Watch List. BNB Chain ranks among the top 10 ecosystem projects in terms of total locked value on Binance. The HELIO token is set to launch soon, and there are currently no BNB chain LSD-fi infrastructure projects listed on Binance, making a listing more likely.
- LayerZero (ZRO)
LayerZero, which received funding totaling $293 million from Binance Labs, a16z, Sequoia, Multicoin, and Coinbase, recently announced the receipt of its SSL certificate on November 3. The market is eagerly anticipating the project, and analysts believe it is likely to be listed simultaneously on major stock exchanges.
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