Binance has broken through the barrier between DEX and CEX!
Effect: Competing for primary market pricing power
The general consensus in the market is that as long as a memecoin is listed on Binance spot, it can double, such as $TURBO $BABYDOGE; or even increase by more than 10 times, like $BOME $ACT $Neiro.
Binance Alpha was originally positioned as a screening platform for MEMEcoins, with well-performing coins getting the chance to be listed on Binance spot. This section is in the Binance wallet.
However, now that it can be directly accessed on Binance CEX, as long as a memecoin is listed on Alpha, the effect is basically equivalent to being listed on Binance spot, with expectations for price increases reaching their peak. For instance, yesterday $TUT was listed, and it directly surged over 3 times in a day.
Currently, MEMEcoins on the BNB chain are the most eye-catching segment in the market.
Starting point: Addressing community users' complaints
The community's view on the Binance wallet has always been: difficult to use!
Currently, as the exchange function of the OKX wallet is undergoing maintenance, Binance wants to seize DEX users, so it announced: 6 months of fee-free wallet exchanges.
How to solve the usability issue?
Binance understands cryptocurrency users. As long as there is a wealth effect, even if it's something undesirable, people will use it. Once someone takes the lead, more followers will come, and the situation will open up!
So, they decided to place Alpha on CEX, using the price increase to silence critics. This process does not involve interaction with the Binance wallet, so naturally, there will be no more complaints!
Additionally, these coins are on-chain, so even if they drop later, users won't blame Binance, unlike those IEO or ICO coins, where users will criticize the platform if they drop!
