Buy Bitcoin on Binance: What's the Catch?
Alright, let's get real. Binance has been on a listing spree lately. I mean, damn. Yield Basis, Enso, Euler, Walrus – feels like they're just throwing darts at a board of crypto names. Eleven new listings in, like, ten days back in October? What the hell is going on?
The Listing Bonanza: Pump and Dump 2.0?
Historically, a Binance listing meant a guaranteed pump. We're talking an average of 41% within 24 hours. But let's not kid ourselves. That kind of FOMO-fueled rocket ride rarely lasts. It's like watching a firework – pretty for a minute, then just ash.
And what about all these new coins? Bitcoin Hyper, Maxi Doge, SUBBD... Sounds like a bunch of meme coins your nephew would shill you at Thanksgiving dinner. I'm not saying they're all garbage, but... okay, I'm kinda saying that.
Then there's this "Build on BNB" (BOB) thing. Apparently, some intern drew the mascot and the community picked the name. Seriously? Binance Alpha actually listed it? I guess that explains the 600,000% pump since its all-time low. But how long can that last?
Binance claims they don't make money from the listing process. Right. And I'm the King of England.
Regulatory Headaches and CZ's "Pardon"
Let's not forget Binance's past, shall we? Netherlands gave them the boot. Germany withdrew their license application. They're facing restrictions in the US after that massive settlement. It's like watching a slow-motion train wreck.
Oh, and CZ got a full pardon? Give me a break. Meanwhile, the SEC magically "dismissed" its action against Binance. Coincidence? I think not.
Binance is registered with the FIU in India, operates under MiCA in the EU, and entered the South Korean market. They seem to be trying to play nice, but it feels like they're just throwing money at the problem.
And don't even get me started on taxes. Capital Gains Tax, Form 1099-DA, DAC8... It's enough to make your head spin. And offcourse, Binance.US is required to issue 1099-DA forms to users who earn over $600.
The Future of Binance: Sinking or Swimming?
So, what's the play here? Are they trying to flood the market with new listings to distract from their regulatory woes? Or are they genuinely trying to build a diverse ecosystem? You can keep an eye on 9 New Upcoming Binance Listings to Watch in November 2025 - Coinspeaker to see what coins are coming up.
They say they prioritize projects with proven teams, real user adoption, and a large user base. But let's be real, a lot of these coins seem to be riding the hype train.
And what about Bitcoin's dominance declining? Is this a sign that altcoins are finally taking over? Or is it just a temporary blip? I don't know, maybe I'm just getting old.
Is Binance Just Kicking the Can Down the Road?
Honestly, it feels like Binance is just trying to stay afloat in a sea of regulatory scrutiny and meme coins. They might succeed, they might not. But one thing's for sure: it's gonna be a wild ride.