Hassan Maishera
TL;DR
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The Binance Futures NEXT platform is now officially live.
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The platform rewards traders who accurately forecast which tokens will be listed next on its futures market.
Binance NEXT Platform is Now Live
Binance, the world’s leading cryptocurrency exchange by trading volume, announced on Thursday, that its NEXT platform is now officially live. The platform allows users to speculate on which tokens will be the next to come to its futures exchange.
Per Binance, users can nominate tokens to be listed on the Binance Futures platform. Once nominated, any trader can place bets on them. If successful, users would earn bonus vouchers for futures trading or trading fee rebates. Bets are rewarded with vouchers worth 1.2 times traders’ picks, Binance added.
The cryptocurrency exchange added that traders can bet on potential token listings by purchasing a “pick” for 1 USDT. They can also make predictions for up to three digital tokens, with a maximum of 100 picks at a time. If the token is not listed, the trader can retrieve their stablecoins.
However, Binance pointed out that Futures NEXT is not a voting platform to assist the exchange in choosing which tokens to list. Binance will continue to use its current process of listing futures tokens. The crypto exchange added that
"Futures NEXT operates independently of Binance's listing process, focusing on rewarding accurate market predictions rather than influencing token listing."
The launch of Futures NEXT forms part of Binance’s ongoing product development process that elevates user participation in the crypto community. Binance remains the world’s leading cryptocurrency exchange and processes roughly $43 billion in daily trading volume.
