As the world’s largest cryptocurrency exchange by trading volume, Binance is a key player in the digital asset industry. The Malta-based company has been a major supporter of new projects and tokens, helping to drive innovation and adoption in the space.
So, it’s no surprise that many are wondering if Binance will list Oxygen (OXT), the native token of decentralized finance (DeFi) protocol Oxygen.
Here’s what we know about the potential listing of OXT on Binance and what it could mean for the future of the project.
Binance Has Listed a Number of New Tokens Recently
In recent months, Binance has been on a listing spree, adding a number of new tokens to its platform. This includes well-known projects like Cardano (ADA) and Polkadot (DOT) as well as lesser-known tokens like Serum (SRM) and Akash Network (AKT).
With this in mind, it seems likely that Binance will eventually list OXT. The exchange has shown a willingness to list new tokens, and Oxygen certainly meets Binance’s listing criteria.
In addition, Binance has listed other DeFi tokens in the past, such as COMP and LEND.
It’s also worth noting that Binance CEO Changpeng Zhao (CZ) is an advisor to the Oxygen project. While this doesn’t guarantee that OXT will be listed on Binance, it does suggest that there is a strong relationship between the two companies.
What Would Listing on Binance Mean for Oxygen?
If OXT is listed on Binance, it would likely have a positive impact on the project. First and foremost, it would increase exposure for Oxygen, bringing it to the attention of a wider audience.
This could lead to more users participating in the protocol, which would in turn increase demand for OXT.
In addition, listing on Binance would make it easier for users to buy and sell OXT. At present, OXT is only available on a handful of exchanges, so many potential buyers are unable to purchase the token.
However, if OXT were listed on Binance – one of the most popular exchanges in the world – this would no longer be an issue.
Will OXT Be Listed on Binance? Conclusion
There’s no way to know for sure if or when OXT will be listed on Binance. However, given the recent listing spree by the exchange and CZ’s advisory role with Oxygen, it seems likely that this will happen at some point in the future.
If and when it does occur, it could have a positive impact on both Oxygen and its native token, OXT.