Apr 25, 04:01 PM

Binance US Adds Base Network Support, Launches Fund Manager Tech and Listing Framework as Coinbase Lists 13 Base Tokens

Binance has introduced a pioneering technology solution tailored specifically for fund managers, aiming to enhance the management of digital assets. Concurrently, Binance US has integrated support for the Base network, an Ethereum Layer 2 platform, enabling users to deposit and withdraw assets such as ETH and USDC with faster and lower-cost transactions. This move aligns with Base's goal to onboard the next billion users onto blockchain technology. Binance has also unveiled a comprehensive new listing framework that applies to Binance Alpha, Futures, and Spot markets. The framework emphasizes stringent criteria focusing on project fundamentals, tokenomics, technical risks, team background, and compliance. Delisting can occur due to governance issues, poor market performance, or low trading activity. This structured approach aims to elevate the quality and reliability of projects listed on Binance. Meanwhile, Coinbase has accelerated its listing of Base tokens, adding 13 tokens since December 2023, averaging nearly one token every 10 days, reflecting growing activity on the Base blockchain despite some recent controversies surrounding token experiments. Overall, these developments highlight Binance's strategic efforts to attract institutional investors and improve market standards while supporting the expanding ecosystem around the Base Layer 2 network.