This update from Binance is significant. The timing is also right; I really don't know if it's divine favor.
Binance has deeply integrated the wallet assets and exchange depth of Alpha, making on-chain transactions feel consistent with the exchange experience.
Having money in the exchange allows for direct purchases of on-chain assets in one step.
The steps to purchase on-chain assets.
1. Withdraw from the exchange.
2. Prepare gas fees.
3. Open swap.
4. Trading.
Now Binance allows direct purchases, which is incredibly impressive. I tested buying 100 USDT, and the final asset was in Binance - Assets - Alpha. The transaction in between didn't feel like there were any gas fees and there were no complicated steps.
The value of Alpha has significantly increased.
2. Eliminate the information gap between on-chain assets and the exchange, reducing the immediate caps after listing. Many tokens don't actually need to be on the main Binance site; they can stay in the high-risk Alpha, distinguishing between the main site and on-chain assets to meet different risk preferences without the exchange users constantly taking over for the on-chain users.
Binance co-founder He Yi stated in a post: 'The 6-month zero trading fee promotion for Binance Wallet has started, and the product is being improved. User feedback and suggestions are welcome.'
I really want to give a thumbs up to this update's features, the leap in trading experience is equivalent to Binance integrating Cake and Ray. Then Alpha's tokens are as if they are directly listed on Binance, making transactions very smooth.
Market signs: CZ buying Mubarak and TST is driving the BNB meme sector: Mubarak has skyrocketed hundreds of times on BSC.
2) BMT's trading volume on BSC surpasses Solana.
3) The rise of BSC's creative remixes is explosive.
With Binance gaining equity from Middle Eastern sovereign funds, speculation: After finding a strong national backer, has Binance finally dared to unleash its potential?
Look at CZ's activity on social media; there is purpose behind every action.
In the future, I will focus on BSC opportunities and have increased my position in BNB.
CZ is well-versed in the meme sector, and after the competition among big VCs has cooled down, the chances for BSC projects to be listed on Binance have greatly increased.
Is spring returning for BSC?
