Binance, a global leader in cryptocurrency trading, officially listed BLUR on its spot platform yesterday. BLUR was previously included in the futures section of the stock exchange. Therefore, altcoins that were listed in the exchange’s futures, but not in the spot market, attracted attention. Research platform Layergg compiled a list of altcoins that are included in the futures but not in the spot, pointing out that these coins, just like BLUR, are likely to be listed on Binance. Here are the details…
Binance lists BLUR on the spot market
Layergg, a crypto research platform, attracted attention with a recent X post. Layergg shared 7 altcoins that are likely to be listed on Binance. For cryptokoin.com As we reported, Binance listed BLUR on spot. The move marked the introduction of a spot listing for an asset that was previously limited to the futures market.
The dichotomy between Spot and Futures trading is a very important aspect of the cryptocurrency market. Spot trading involves the direct purchase or sale of a financial instrument, in this case a cryptocurrency, for immediate delivery and settlement. On the other hand, futures trading allows participants to buy or sell an asset at a predetermined price at a specific time in the future.
Layergg announced 7 altcoins to be listed on the exchange’s spot market
Binance’s move to list BLUR on spot signals the exchange’s effort to increase liquidity and accessibility for a broader range of assets. Spot listings naturally attract a larger pool of traders and investors due to their user-friendly nature that facilitates simple transactions without the complexities associated with futures contracts. While industry observers speculate on the implications of this move, there is palpable interest in the potential to expand spot listings to other assets currently limited to the futures market on Binance. Layergg’s tweet highlighted seven projects that are only listed on Binance futures but not on the spot:
- PYTH
- BONK
- EYEBROW
- TOKEN
- BSV
- ORBS
- BIGTIME
Update : #Binance lists $BLUR on Spot.
This is Binance's first instance of adding a Spot listing for an asset that was previously only traded as a Futures pair.
Such a move may signal upcoming Spot listings for other Futures-exclusive assets on Binance.
7 projects listed only… pic.twitter.com/qdkaTUZHUp
— Layergg (@layerggofficial) November 24, 2023
Therefore, the question on many people’s minds is whether other futures-specific assets will gain visibility in the spot market. In the rapidly evolving world of crypto, exchanges like Binance are at the forefront of innovation by adapting to the changing needs and preferences of their user base. As the market matures, the distinction between spot and futures dynamics becomes increasingly critical. Traders are looking for platforms that offer a variety of options to cater to their specific trading strategies. Because the cryptocurrency market, known for its dynamism, is in a constant state of evolution.
