Key highlights:
Binance Alpha 2.0 allows the direct purchase of Alpha tokens on-chain, eliminating external fund transfers.
A new “Alpha” tab on Binance Exchange offers real-time charts, project details, and trading options.
Binance Pay now allows the purchase of Alpha tokens via funding and spot accounts.
Binance has launched Binance Alpha 2.0, an updated version of its Alpha platform that improves access to decentralized trading. The latest update allows users to purchase Alpha tokens directly on-chain without transferring funds to external wallets, increasing security and reducing transaction fees.
Binance (BNB) announced these changes in a blog post on March 18, emphasizing that the update simplifies decentralized trading.
Binance Alpha 2.0 Improves Accessibility
The latest version of the Alpha platform is integrated with the Binance exchange, eliminating the additional transfers previously required to purchase Alpha tokens. Previously, the Binance Wallet was required to use Alpha tokens, which involved more steps than usual. However, with the release of Binance Pay Alpha 2.0, users can now purchase directly with Funds and Spot Wallet.
To improve navigation, a new "Alpha" tab has been introduced in the Markets section. This feature displays real-time charts of projects and their trading options, allowing users to find and trade Alpha tokens. Alpha tokens will also be readily available in the Binance wallet. However, this is only now possible after it has been integrated into the Binance exchange.
Community co-governance for token listings
Shortly before the launch of Binance Alpha 2.0, Binance launched a participation system for token listings and delistings on March 7. This system allows users to have a say in which projects are listed on the exchange. Binance will then shortlist the projects, and the community will vote on them. Only tokens that pass due diligence and receive the highest number of votes will be listed.
In addition, the update also includes a "monitoring zone" for tokens that do not meet development or compliance standards. Tokens with no development progress and for which no updates are provided will be transferred to this category. These tokens can then be voted on by the community to remove them from the exchange.
New derivative products
Meanwhile, Binance Kazakhstan has launched new crypto derivatives trading products to improve the user experience. The exchange announced these new offerings , which went live at 3:00 PM (UTC+5) on March 13, providing users in the region with new trading tools and options.
The newly launched products include Binance Options, Futures Copy Trading, Easy Futures, and BFUSD. These additions are intended to provide Kazakh users with more options and flexibility when trading. The expansion of Kazakh derivatives offerings is in line with the overall efforts to improve market access and trading efficiency.
Most regions where Binance operates also have these trading products. However, the exchange has now expanded the offering to its Kazakh division to improve the trading experience for users in that country.
Binance options are financial instruments that give traders the right—but not the obligation—to buy or sell an underlying asset at a predetermined price before a specific expiration date. This instrument has a built-in risk of loss feature that helps traders avoid potential losses.
Binance Alpha 2.0, along with the expansion of Kazakh derivatives, and the Community Co-Governance system, a series of updates aimed at better user engagement, improved security, and a better user experience in the Binance ecosystem.
Disclaimer
The views and opinions expressed in this article by the author or any person mentioned are for informational purposes only and do not constitute investment, financial, or other advice. Trading or investing in cryptocurrencies involves the risk of financial loss.
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