Binance is the biggest cryptocurrency exchange in the world. Founded in 2017, it boasts of 269 coins listed, with 912 trading pairs. Daily trading volumes average 2 billion. As of December 2020, Binance reported having amassed total trading volumes to the tune of $3 trillion USDT! With such metrics to their name, it is no wonder every crypto project wants to be listed on the Binance exchange. For projects not yet listed on Binance, “when Binance?” is a popular question amongst their communities because a Binance listing is a big thing in the crypto world. Not only does it add legitimacy and credence to a project, but it also has the potential to skyrocket the market performance of the coin in question.
Listing a Coin on Binance exchange tends to give it the "Binance effect". The Binance effect refers to the phenomenon where a cryptocurrency increases in value when it is listed on Binance. The increase in price is usually very rapid and significant such that traders stand to make profits in hundreds of percentage increase. Within hours of its listing, it is not uncommon for a coin’s price to increase in value 3X or more. Therefore, traders are always eager to know which coin will be listed next on Binance so that they can turn a quick profit as well as avoid the FOMO. However, Binance usually only announces a new listing once it is listed, they do not announce it before. This is done in order to avoid market manipulation. Thus, the million-dollar question is how do you know which coin will be listed next on Binance so that you do not miss out on the magic? In this article, I will show you two effective ways to find out which coin has just been listed. This will save you the trouble of refreshing the announcements webpage on the Binance website. Remember that sometimes it takes several weeks or months before a new coin is listed, so just how much refreshing can one do?
- Follow Binance on their social media platforms
These pages are updated as soon as a new listing, or new trading pair is introduced on the Binance exchange. Follow Binance on Twitter, Instagram, Reddit, Telegram, as well as like their page on Facebook. Get their Android or iOS apps and make sure you switch on their notifications so that you are notified each time they post something new on their social media platforms. However, the downside to this approach is that you will get a notification even when Binance just wants to wish Binancians a Merry Christmas. Therefore, let’s explore another option.
- Get a tool to notify you immediately Binance lists a new coin
This method is probably the most efficient way of keeping track of which cryptocurrency has just been listed on Binance. Since it is almost impossible to keep refreshing the Binance website on your own, how about using visualping.io to monitor for you when a new listing is made? Cool, right? Visual ping is a website that allows you to monitor specific changes to a website. For example, I received the following email as soon as 1inch was listed on Binance. I headed over to the exchange immediately and watched 1inch rise by 1000% within the first 24 hours of its listing.
Visual ping is a pretty easy and straightforward website to use. If you run into any problems, let me know if I should make a tutorial on how to set up the notification. I could also suggest similar websites to Visual ping.
Thank you for taking the time to read this article.