Analyzing the Effects of Listing or Delisting a Token on Binance

Centralized exchanges are more popular than their decentralized counterparts and record higher trading volumes, courtesy of their user-friendly platforms, higher liquidity, and strong outreach. Naturally, many protocols are keen to have their tokens listed on centralized exchanges. However, a protocol must often fulfill a list of criteria to get its token listed on a centralized exchange.

Binance is one of the leading exchanges in the digital asset sector. More than 50% of the total spot volume recorded by centralized exchanges in 2022 corresponds to Binance. Binance is active in 100+ nations, according to its website, and its deep penetration increases the accessibility of the tokens listed on the exchange.