Binance Delays Kaspa Listing Due to Lack of Free Tokens

Binance, the world’s largest cryptocurrency exchange, has yet to list Kaspa (KAS), a decision that has left many in the Kaspa community wondering about the reasons behind the delay. Analyst KatDaddyKrypto recently delved into this issue, providing a detailed analysis of the key factors that are holding back a Binance listing for Kaspa.

According to KatDaddyKrypto, the primary reason for the delay is not related to Kaspa’s market cap or trading volume. Instead, it stems from the fact that Kaspa had a fair launch, similar to Bitcoin, with no premine or stash of free tokens set aside for exchanges. This means that Binance and other Tier-1 exchanges would need to buy KAS on the open market at around $0.07 to $0.08 per token, which they would then hope to sell at a higher price later. This lack of a free supply of tokens makes it less financially attractive for Binance to list KAS immediately.

The analyst suggests that Binance is waiting for better market conditions, specifically a strong altcoin season where they can be confident that the Kaspa price will rise after listing. Until they see that opportunity, they have little financial incentive to list KAS. The broader market is currently weak, and Binance does not want to list KAS only to see its price stagnate or drop. They are waiting for bullish momentum to guarantee excitement and sustained upward price moves, which would maximize trading fees and profits from their own KAS positions.

Another crucial insight from the video is that Binance has been in close technical contact with Kaspa’s developers, including Wolfie, for nearly two years. Over the past six weeks, Binance has ramped up its questions, suggesting they are doing serious due diligence before making any listing decision. This ongoing contact indicates that Binance has not given up on listing Kaspa. Additionally, Binance and its CEO have hinted about Kaspa on Twitter, which could be their way of gauging community interest. However, Binance still hasn’t committed to a specific timeline, keeping Kaspa investors guessing.

KatDaddyKrypto also compares Kaspa with other high-profile projects like Solana and Sui, which often pre-mine huge supplies of tokens and give them to exchanges for instant listings. These corporate-style launches allow exchanges to get “free” tokens, sell immediately, and make a profit with minimal risk. Because Kaspa doesn’t have this premine model, it breaks the mold but also makes it harder to list on big exchanges like Binance. The analyst says this is the real reason KAS price hasn’t yet benefited from a major exchange listing. It’s not about Kaspa’s technology or community, but the lack of incentives for exchanges.

In closing, KatDaddyKrypto believes Kaspa’s lack of premine is the biggest hurdle standing in the way of a Binance listing. Until market sentiment improves and altcoins start to rally consistently, Binance will likely wait. When that happens, exchanges can buy KAS on the open market, sell at higher prices, and benefit from surging trading volumes. The analyst encourages viewers to keep an eye on Kaspa price action and consider accumulating KAS before a possible future listing that could trigger a big price move.