$USDC I'm Vietnam.
Today I see the Binance exchange has added a new section called Alpha to trade new coins that have not yet been listed on Binance, which makes me very curious.
I went in and found that this is like a decentralized exchange (DEX) such as: Uniswap, PancakeSwap,... which Binance aggregates and helps us trade more easily.
But how strong will you be when trading on #Alpha of Binance?
1. No need to go searching for newly listed Tokens.
2. No need to check which blockchain: BNB, SOL, or Ethereum to access corresponding DeFi applications. Alpha will automatically connect to those DeFi.
3. Funds will be taken directly from the Binance spot wallet of your account. Avoiding many newcomers needing to create additional wallets and store things haphazardly, just imagine wanting to buy a coin on Ethereum but having BNB means you have to convert and swap chaotically.
4. The Binance team has evaluated or connected with preliminary assessment tools for the coins listed on Alpha, through which there will be some preliminary information about it that is quite accurate.
5. The opportunity to be listed on the #Binance exchange when that token trades well on Alpha is very high.
But there are some notes:
1. The risks are very high, it is not a place to invest 100% of your capital, divide it into 50%, 30%, and 20% of your total capital. From the 20% high-risk portion, allocate about 10% of that 20% to Alpha and consider it as potentially lost.
2. No support from Binance's support team as it is understood to be a point to aggregate decentralized exchanges for you and all transactions are on the blockchain of that corresponding platform.