An interesting little exchange on Twitter occurred earlier today. @nathanmars put out a tweet basically requesting Binance list WLEO. The response he got from @khaleelkazi on the official LeoFinance account was interesting.
I have a feeling $WLEO will be there sooner than most expect
@khaleelkazi - 7 hours ago.
Does this mean that the listing is coming soon? Imminent? This year? I guess only Khal can answer those questions.
If a Binance listing does occur, it would have a massive impact on the market for LEO and WLEO.
More available - Binance is one of the biggest crypto exchanges, a listing would make it much easier for people to buy. Many people still prefer centralized exchanges, and Uniswap can be daunting for the uninitiated.
More exposure - A Binance listing carries some weight, and will of itself boost the profile of LeoFinance. Introducing the eco-system to new potential users in a familiar ERC20 format many are used to.
Arbitrage - Opening up a new market for WLEO creates an extra arbitrage opportunity. Depending on the trading pairs, price variations between Binance and Uniswap will be quickly balanced by arbitragers, with this having a positive impact on the trading fees generated by the Liquidity pool.
Improves the case for more CEX listings - a Binance listing would make it much a easier conversation to have with other exchanges, as one of the industry leaders has already recognised and listed the token, others will surely follow to keep up with the competition.
It would be easy - being an ERC20, listing WLEO would be a simple process for exchanges. I would assume some kind of "contract review" would be part of the process - but adding WLEO would be not much harder than flicking a switch I'm guessing.
So, I guess we just have to wait for Khal - the tease - to let us know If Binance will be one of WLEO's first major exchange listings. Is his statement just outlining a goal, or is A Binance listing actually coming soon?
Thanks for reading - speculate away in the comments.
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