Why Is Kaspa Not Yet on Binance and Coinbase – Top KAS Expert

Kaspa, which was launched on November 7, 2021, has seen tremendous gains this year and increased in popularity. It is presently the fastest, open-source, decentralized, and fully scalable layer-1 in the world, with its rapid single-second block intervals. The project is fully governed by its community without any central governance, just like Bitcoin and Litecoin.

Despite the quality of the project, its rising price, and its unique speed, it has not been listed on major exchanges like Binance and Coinbase. This is why Jim, S𐤊i ₿um, a crypto analyst, explains why it has not been listed on Coinbase.

Fair Launch Strategy

According to Jim, the reason Brian Armstrong of Coinbase and Changpeng Zhao of Binance likely haven’t listed Kaspa yet is because of its fair launch strategy. As there are no pre-allocations for listings, top exchanges would need to market buy KAS to build liquidity.

Jim speculates their strategy might be different for fair launch coins compared to those with listing allocations. Exchanges may already be accumulating KAS quietly in anticipation of a future listing.

Building Liquidity Before Listing

In a follow-up tweet, Jim expands on why Binance and Coinbase may be waiting to list KAS. With no pre-mine or allocations, the only way for exchanges to gain liquidity is by market buying KAS.

Jim suggests the exchanges could already be accumulating KAS now at lower prices. By waiting to list KAS until after substantial price appreciation, exchanges minimize costs and maximize liquidity.

While Kaspa is not yet on major exchanges, Jim proposes compelling reasons why this may be strategic. The fair launch nature of KAS makes exchange accumulation and timing different than typical listings.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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