TL;DR

• Binance is seemingly adopting a new strategy by listing certain assets for futures but not spot trading.
• The exchange recently settled a $4.3 billion fine with the US DOJ and underwent a leadership change, with Richard Teng replacing CEO Changpeng Zhao.
• Binance’s recent delisting of several cryptocurrencies, including BitShares and Tornado Cash, due to low activity and volume, has led to substantial price declines for these assets.

Binance is Expected to Continue Operating a ‘Similar Model’

The popular reporter using the X (Twitter) handle Wu Blockchain observed an interesting tactic that the world’s largest cryptocurrency – Binance – might have adopted. 

He revealed that the marketplace had listed certain digital assets for futures trading but not spot. Those include KAS, BSV, PYTH, BONK, ORBS, BIGTIME, TOKENFI, and ETHW, with Wu Blockchain describing the move as a “new phenomenon” in Binance’s listing process.

“Analysis pointed out that the core reason is that this can earn fees without taking on excessive responsibilities. Contract users have a strong tolerance for ups and downs, while spot users will criticize the price drop,” the reporter said.

In addition, the reporter claimed there are cryptocurrencies like Blur (BLUR) that “have been alive for a long time, then the spot launched.”

He explained that futures trading is much simpler than spot one as it does not involve holding tokens or “technical matching.” In their view, Binance would continue to operate in such a way in the future.

Binance’s Recent Turbulence

The exchange has recently passed through some challenging times after