Binance has notably expanded its futures listings, a move that has attracted attention. What’s interesting is that Binance has initiated futures listings for alternative cryptocurrencies that have been long-traded in the spot market, indicating a shift in their listing policy.
This surge in listings is believed to be driven by Binance’s intention to compete for market share in futures trading, particularly against platforms like Bybit, known for offering a broad range of altcoins. Bybit gained popularity among users with limited spot market activity and a penchant for higher-risk trading, thanks to its inclusion of small-scale altcoins in futures trading.
It is highly likely that altcoins currently listed in Binance’s spot market but not available in its futures platform, yet present in Bybit’s futures, will also be added to Binance’s futures listings. The following altcoins are prime candidates based on these criteria:
- Rocket Pool (RPL)
- BitTorrent (BTT)
- JUST (JST)
- Golem (GLM)
- Siacoin (SC)
- Illuvium (ILV)
- Kadena (KDA)
- Steem (STEEM)
- Civic (CVC)
- Nano (XNO)
- Prom (PROM)
- Request (REQ)
- Neutron (NTRN)
- Sun (SUN)
- BadgerDAO (BADGER)
- Bounce (AUCTION)
- Ampleforth (FORTH)
- Voyager (VGX)
- Multichain (MULTI)
- Biswap (BSW)
Binance announced that it would also list TWT, which was last listed in Bybit futures, on its platform.