Fintech meets crypto: Why new crypto listings matter

Fintech innovations make traditional financial services more accessible and easy to use for millions of people worldwide. Many of these startups also accelerated crypto adoption. One such venue is new Binance listings on the market. As one of the biggest crypto exchanges out there any coin listed on this platform is instantly expected to gain popularity among crypto enthusiasts usually accompanied by a rising price. In this post, we will explain why Binance's new listings matter for both fintech enthusiasts and investors and how to choose the next best crypto coin to add to your portfolio. 

Fintech in digital assets

Fintech is about innovations and user satisfaction. Digital payment solutions, mobile banking apps, and now blockchain and digital payments have made financial services faster and more secure. Blockchain made finance accessible to millions of users worldwide, even unbanked. As traditional banks and startups embrace cryptos (e.g. Bitcoin ETFs) the lines between traditional finance and digital assets are rapidly blurring. 

Investors can now deploy advanced fintech tools including algorithmic trading, real-time analytics, and automated portfolio management to profit from volatile crypto markets. New token listings at Binance and other exchanges are where fintech meets crypto innovations.

Why new crypto listings matter

New listings provide traders and investors with plenty of opportunities to profit from newly listed coin price volatility. Generally, the news for any coin listing on Binance is super bullish for the coin in question. As a result, new coin listings generate excitement and interest among crypto and fintech enthusiasts.

New listings frequently lead to a surge in trading volume, which offers many opportunities to profit from large price swings. However, it requires experience and knowledge. Despite its complexity, crypto trading can provide huge profits, as the news of your favorite coin getting listed on Binance is very bullish. Here is the link for Binance's new listings: https://99bitcoins.com/cryptocurrency/new-binance-listings/

Selecting the best upcoming newly listed coins

Here is the beginner’s guide to selecting the best upcoming coins listed on the exchange and increasing the chances of success.

Step 1. Investigate the coin’s fundamentals

Buying any digital currency without first analyzing its whitepaper and roadmap is a huge mistake. The white paper will provide the project’s vision and the roadmap for the long-term goals. A clear, concise, and realistic roadmap indicates the team has a solid plan. If the white paper is too generic and general, it is a huge red flag. Try to investigate the project’s team and partnerships. 

Step 2. Use data analytics tools

Blockchain analytics tools prodigy critical info and details. No single crypto wallet must hold more than 5% of the total supply of the coin. It is even better if wallets holding the majority of cryptos are old and not newly created. Social media posts and user comments provide critical information to ensure the project is not a scam. 

Step 3. Ensure it's not a scam

Check if the crypto project’s code is audited by reputable artists and that there is no chance for rug pull and fraud. If developers can issue new tokens or grab the liquidity pool, you should not invest in such scams and there are many in the crypto space. 

Step 4. Manage risks wisely

Diversification is key. Do not invest all money into one newly listed crypto coin but ensure to divide your capital into several parts to invest in several projects. 

Avoiding rug pulls and risk management

It is difficult for even experienced investors to avoid getting scammed by rug pulls. Rug pulls are the most widespread scam in crypto and many new projects use this tactic. To protect against rug pulls, it is critical to check the team behind the crypto project. The fact that the crypto is listed on Binance, makes it less prone to scams. So this can be used as an indicator against scams. However, it is still important to ensure developers do not own the majority of their crypto coins. Check if the code is audited and if the audit report is positive.