Some in the Kaspa community are wondering why Binance has not yet listed KAS. The latest video from analyst KatDaddyKrypto delves into key factors affecting this decision.
Why Binance Wants Free Tokens to List Coins
The analyst points out that Kaspa had a fair launch, similar to Bitcoin, without premine or token reserves for exchanges. Usually, major exchanges like Binance receive free coins from projects to sell quickly and profit. Since Kaspa lacks this free supply, Binance would need to buy KAS on the open market at around $0.07-$0.08 per token.
Current Market Conditions Are Not Right
KatDaddyKrypto emphasizes that major exchanges prefer to list tokens when the market is heating up. In current weak market conditions, Binance does not want to list KAS only to see its price stagnate or drop. Waiting for more favorable market conditions allows them to maximize profits from the listing.
Ongoing Talks Between Binance and Kaspa Developers
The analyst highlights that Binance has maintained technical contacts with Kaspa’s developers for almost two years. Over the past six weeks, they have ramped up their inquiries, indicating serious due diligence ahead of a listing decision. It is also noted that Binance and its CEO have hinted about Kaspa on Twitter, potentially testing community interest.
In conclusion, KatDaddyKrypto believes that the lack of a premine is the main obstacle to Binance listing Kaspa. With unfavorable market conditions, the exchange will likely continue to wait. Monitoring Kaspa's market actions remains pertinent.
