Why Have Binance and Other Major Exchanges Not Listed Kaspa? When Will KAS Reach $1?

Kaspa (KAS) is an innovative proof-of-work cryptocurrency that has garnered significant enthusiasm for its groundbreaking technology. However, despite strong fundamentals, Kaspa has yet to secure listings on top-tier exchanges like Binance.

Why the Wait?

According to digital asset marketplace expert Nicholas Sismil, formerly of Binance US, the main delays stem from stringent due diligence processes conducted by large exchanges. As Sismil explains:

It takes a long time to set up a node for a listing’s wallet team for proof-of-work and L1 coins – mainly because they have to conduct security audits of the protocol and its coin. This process can sometimes take up take up to 8 months.”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

These exhaustive security reviews aim to ensure the stability and safety of any new asset added to an exchange’s offerings.

The novelty of Kaspa’s blockchain innovations likely compounds the complexity of properly vetting it. So while inconvenient for eager investors, the caution exercised by exchanges seems prudent given the sums of money at play.

Impact of Major Exchange Listings

Once checkpoints are cleared, Sismil notes that major exchanges will race to add Kaspa, stating: “I have no doubt that Kaspa will eventually be listed on every major exchange, as its daily volume is a gold mine for any exchange.”

This lines up with optimistic price predictions highlighted in a recent video from analyst Crypto T, who explains:

“There will be so much liquidity flowing into Kaspa… we need those T1 listings.”

The sentiment is that major exchange listings would rapidly accelerate adoption and liquidity for KAS. Crypto T suggests this could spark a price surge retesting Kaspa’s all-time high around $1 in relatively short order.

So despite current impatience, the long regulatory roadmap should pay dividends for Kaspa holders when big exchange catalysts finally materialize.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

CaptainAltcoin
Logo