Minswap Labs, the leading decentralized exchange on the Cardano blockchain, is making moves to increase the exposure and liquidity of its native MIN token. The team has applied to list MIN on Binance, the world’s largest crypto exchange by trading volume.
Getting listed on a major exchange like Binance could significantly boost MIN’s relatively low $29 million market cap and trading volumes. With access to Binance’s millions of users, MIN can gain greater visibility and demand from investors.
Binance’s recently launched listing program prioritizes projects with a fair token distribution to the community and a reasonable circulating supply at launch. By applying through this program, Minswap Labs aims to demonstrate MIN’s organic user base and commitment to regulatory compliance.
While awaiting Binance’s decision, MIN debuted on MEXC, a top centralized exchange. Following the MEXC listing on May 28th, MIN’s daily traded volume spiked over 200% to around $200,000, with MEXC accounting for over 75% of this volume.
If approved for a Binance listing, MIN could see an even greater liquidity increase by tapping into the exchange’s massive user base and trading activity. This would mark a major milestone for the Cardano-based DeFi project as it aims for broader adoption.
