Key Crypto Projects with Binance Futures but No Spot Trading

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The recent launch of Blast, a new Layer 2 network, has become one of the most discussed topics in the market. While its user acquisition strategy and code security have faced scrutiny from other Layer 2 projects, its Total Value Locked (TVL) surged to $375 million within days of launch—though this is partly due to funds being locked temporarily. This propelled it to the fifth position among Layer 2 networks, surpassing dYdX V3, even though it isn’t fully operational as a Layer 2 yet.

BLUR, often viewed by some traders as a futures-like token linked to Blast, saw a price increase of over 120% within four days, creating a wave of FOMO (Fear Of Missing Out) among investors. Recently, Binance announced the listing of BLUR for spot trading, 210 days after first introducing its perpetual contracts. Following the news, BLUR’s price increased by more than 20%.

This move could be attributed to Blast’s emergence, which might have added new utility and value to Blur, leading Binance to revise its earlier stance. Alternatively, following a recent $4.3 billion settlement with regulators, Binance may be more inclined to capitalize on trending tokens to maintain competitive advantage against other trading platforms.

Regardless of the reason, market momentum appears to be influencing Binance’s listing decisions. In this article, we explore several cryptocurrencies for which Binance has launched futures contracts but not yet spot trading.

BIGTIME (Big Time)

Big Time is an Ethereum-based MMORPG (Massively Multiplayer Online Role-Playing Game) developed by an experienced team with strong backing. Since its beta release last year, it has been promoted as a "AAA-quality" Web3 game.

The team includes industry veterans—the CEO is a co-founder of Decentraland, and core members have experience from major gaming companies. Big Time has raised over $90 million through private funding and NFT sales, providing a solid financial foundation for continued development and sustainable in-game economies.

BIGTIME operates on a unique tokenomic model. With a total supply of 5 billion tokens, all are generated in-game rather than through traditional distribution. Players can earn tokens through:

Binance launched BIGTIME USDT-margined perpetual contracts with up to 20x leverage on October 12, 2023.

BSV (Bitcoin SV)

Bitcoin SV (BSV) originated from a hard fork of Bitcoin Cash (BCH) in November 2018. The "SV" stands for "Satoshi's Vision," signaling its goal to restore what supporters believe is Bitcoin's original protocol. The fork was largely driven by disagreements over block size and governance.

A major point of controversy is Craig S. Wright’s claim to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This assertion has been widely disputed due to lack of verifiable proof. Wright’s threats of legal action against critics have also drawn criticism from the community.

In April 2019, former Binance CEO CZ publicly stated that the exchange would delist BSV if Wright continued claiming to be Satoshi. BSV was delisted from Binance shortly after.

On October 20, 2023, Binance reintroduced BSV as a USDT-margined perpetual contract with leverage of up to 50x.

TOKEN (TokenFi)

TokenFi is a tokenization platform launched by the team behind the meme project Floki. It aims to simplify the process of tokenizing real-world and crypto assets.

The platform’s official website went live on October 27, with multiple products scheduled for release by Q4 2024.

The total supply of TOKEN is 10 billion, distributed equally on BNB Chain and Ethereum. Ten percent of the supply was allocated for liquidity on Uniswap and PancakeSwap. DWF Labs is TokenFi’s primary market-making partner.

Binance listed TOKEN USDT-margined perpetual contracts with up to 50x leverage on November 3, 2023.

KAS (Kaspa)

Kaspa launched its mainnet on November 7, 2021. It uses a BlockDAG (Directed Acyclic Graph) structure designed to improve scalability compared to traditional blockchains.

The native token, KAS, uses the kHeavyHash algorithm and can be mined with GPUs alone or dual-mined with tokens like ETHW or ETC. It is also compatible with certain FPGA and ASIC miners. According to F2Pool, Kaspa’s network hashrate is 60.57 PH/s, with daily mining rewards worth approximately $1.8 million.

Similar to Bitcoin, Kaspa has no pre-mined tokens—all are distributed through mining. The max supply is 28.7 billion tokens, which will be emitted over 186 months. Around 25% remains to be mined, with full circulation expected around April 2037.

Binance introduced KAS perpetual contracts with up to 50x leverage on November 17, 2023.

PYTH

PYTH is an oracle network focused on the Solana ecosystem. It gained significant attention due to retroactive airdrops and incentive programs linked to Backpack, sometimes referred to as an "FTX successor."

Unlike many airdropped tokens, PYTH showed strong price performance from the start, nearly doubling from its opening price of $0.28 within 24 hours.

High trading volumes make it an attractive asset for exchanges. PYTH is currently one of the most traded tokens in the market.

Binance launched PYTH USDT-margined perpetual contracts with 1-50x leverage on November 22, 2023.

BONK

BONK is the first meme coin on the Solana blockchain. The project began on December 9, 2022, and quickly engaged with the broader Solana community. A large airdrop was conducted on Christmas Day of the same year for Solana users.

Approaching its first anniversary, BONK surged along with the rest of the Solana ecosystem, posting gains of over 12x in a month. However, as a meme coin with already substantial market capitalization, its momentum has shown signs of slowing. Its trading volume is also considerably lower than other Solana-based tokens like PYTH.

Whether Binance will list BONK for spot trading remains uncertain. For now, the exchange offers BONK perpetual contracts with up to 50x leverage, launched on November 22, 2023.

Frequently Asked Questions

What does it mean when Binance lists futures but not spot?
It often indicates that Binance is testing market interest and liquidity before committing to a full spot listing. Futures allow traders to speculate on price without immediate asset delivery.

Can I trade these tokens elsewhere?
Yes, most of these assets are available on other exchanges for spot trading. Always use reputable platforms to ensure security and liquidity.

Why would Binance relist a token like BSV after previously delisting it?
Markets and regulatory environments change. BSV’s renewed listing may reflect increased trader demand or improved compliance clarity.

How does futures trading affect the spot price?
High futures activity can lead to increased volatility and often influences spot prices due to arbitrage and hedging strategies employed by traders.

Are these tokens good investments?
All investments carry risk—especially tokens only available in futures markets. Conduct thorough research and consider market conditions before trading.

What is the impact of leverage in crypto trading?
Leverage magnifies both gains and losses. While it can increase profit potential, it also raises the risk of significant losses, particularly in volatile markets.

Whether you're looking to diversify your portfolio or explore new trading opportunities, understanding the difference between futures and spot listings is essential. As the market evolves, staying informed helps you make better decisions. For those interested in exploring more trading strategies, deeper market analysis can provide a competitive edge.