Key Points
- 13 tokens including Toncoin (TON) are listed on Binance with perpetual pairs, but without spot pairs.
- Toncoin (TON) has been recently surrounded by optimistic predicitons about a potential Binance listing.
Killthewolf on X recently revealed that the Binance crypto exchange has listed thirteen tokens for futures, but not for spot.
The rankings according to market capitalization are the following: TON, KAS, XMR, ONDO, BSV, ZETA, ETHW, MYRO, BIGTIME, RATS, TOKEN, MAVIA, and ORBS. Regarding the trading volume ranking, only TON and ONDO have significant trading volumes.
TON is listed with a circulating market cap of $21,3 billion and a trading volume of over $10,4 billion in thirty days.
Regarding the difference between spot trading and perpetual futures trading on Binance, all transactions on the spot market are made at current prices on the exchange, which are calculated depending on supply and demand.
On the other hand, the futures price consists of the basic spot price plus the futures premium, which can be positive or negative.
A positive premium shows that the futures price is above the spot price. A negative one shows that the futures price is below the spot price. Also, a change in the balance of supply and demand can result in a change in the futures premium.
After buying assets on the spot market, you can only make money by increasing the assets’ value. Futures are more flexible and they allow users to earn even in a bearish market. Traders can make money by opening a short position.
Toncoin (TON) Binance listing predictions
Recently, optimistic predictions regarding a potential Binance listing surrounded Toncoin (TON). The optimism stemmed from the latest discovery made by crypto monitoring bots.
Yesterday, May 23, Binance added a new Toncoin (TON) port. CoinDance revealed via X that Binance might have a wallet for the new coin, TON.
CoinDance also shared that the information comes from the official API, and the announcement has not yet been published. They also noted that patience is required in order for users to see whether Binance decides to list TON.
At the moment of writing this article, Toncoin (TON) is trading at $6.16.
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The token’s market cap is now over $21 billion.
