This article is machine translated
Show original
"Abandoning Binance Spot Trading"
Now, close your eyes and guess: what is the smallest market cap coin listed on Binance spot?
40m? No
20m? No
10m? No
Only 5m, just over $500,000
Many people say that new coins listed on Binance for several million are cheap
Little do they know that these projects with no fundamental basis can still drop 90%
Moreover, Binance has recently listed several small tokens with no substantial fundamentals
This has made Binance's spot trading shell less valuable
From another perspective, from the perspective of the banker
Why is it so bad to be listed on Binance, why not maintain the market value?
The answer is that maintaining the market value is not worth the cost
Binance does not have enough liquidity to feed the dog bank. Maintaining the market value is a low cost-effective thing, and the cost is greater than the benefit
Finally, Binance's liquidity was swallowed up by the ever-expanding spot market.
The spot market now has 420 coins, and it is still expanding.
Group members sighed: With the acceleration of coin listing, the shell is worthless, and the market will not be enthusiastic about trading just because you are on Binance.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content