2 weeks ago
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Binance has introduced Alpha 2.0, the new version of Binance Alpha, to engage early stage tokens, not only in the Binance Wallet, but also at the Binance Exchange. The goal of Alpha 2.0 is to bridge the gap in trading tokens in their initial stage on the CEX and DEX.
Binance and Alpha 2.0: trading of early-stage tokens is also available on the exchange
Binance has introduced the new version of its Alpha service: the Binance Alpha 2.0. It is the same early-stage token trading feature dedicated but not only to the Binance Wallet, but also to the Binance Exchange.
This means that, now, even the users of the centralized crypto-exchange (CEX) can seamlessly explore Alpha Token directly within the platform.
Specifically, with Binance Alpha 2.0, users can purchase on-chain tokens directly on Binance Exchange without the need for an external Web3 wallet.
Not only that, they will also be able to use the funds from their Spot accounts, Funding, and other accounts supported by Binance Pay, making transactions of Alpha Tokens more convenient.
The idea is that the new solution can bring the advantages of DEX trading to the users of Binance Exchange.
Binance Alpha becomes 2.0 and extends the benefits to CEX users as well
It was December 2024, when Binance presented the first version of Alpha to the general public.
The platform highlights crypto projects in their initial phase, also acting as a selection pool for tokens for their future listing on the famous crypto-exchange.
Until now, the Alpha Tokens were available in the “Market” tab of Binance Wallet, and users could explore them until purchasing them only through the platform and the crypto-wallet.
Now, instead, with Alpha 2.0, users can participate immediately in this selection of tokens in their initial phase even through the crypto-exchange, without having to wait for their listing.
In this regard, Winson Liu, Global Lead of Binance Wallet, commented:
“Binance Alpha 2.0 is an important step to bridge the gap between centralized and decentralized trading, providing users with a simple and intuitive way to discover and trade early-stage tokens directly on Binance Exchange. By integrating Alpha tokens into the Binance exchange, we are increasing accessibility, improving capital efficiency, and simplifying the user experience, all while maintaining transparency in the token consideration process.”
The decline of crypto: Richard Teng’s interpretation
While with Alpha and Alpha 2.0 new crypto projects are being discovered, the prices of cryptocurrencies continue to experience a period of bear market.
In this regard, at the end of February, the CEO of Binance, Richard Teng, had commented on this market decline, stating that it was a “tactical retreat,” and not a trend reversal.
According to Teng, the price movements of crypto often obscure the underlying sector dynamics. In practice, crypto would be reacting to macroeconomic shocks in a manner similar to traditional assets, even though they show greater resilience in the long term.
In fact, for Teng, what we are experiencing with Bitcoin hovering around $85,000 is a short-term tactical retreat and not a structural decline.
This is an optimistic version of the market that continues to evolve despite short-term volatility.
English (US) ·