Bitcoin (BTC) and Kaspa (KAS) miners are the focus of an exclusive mining promotion that Binance Pool has started. There is a total bonus pool of 88,000 KAS tokens available through the project, which runs from November 28, 2024, until January 27, 2025.
Miners can earn rewards based on their net hashrate rankings, with the top 100 participants eligible for prizes. Kaspa miners can claim up to 1,300 KAS each, while Bitcoin miners contributing to Binance Pool can earn up to 1,000 KAS.
The rewards will be distributed to Binance wallets within 14 days after the promotion ends, provided participants meet all conditions, including setting up payout addresses correctly. This move has sparked speculation about a potential spot listing for Kaspa on Binance.
Is Binance Preparing to List KAS on Spot?Binance Pool has launched an exciting promotion for #Kaspa ( $KAS ) and #Bitcoin ( $BTC ) miners, featuring a bonus pool of 88,000 KAS. Eligible miners can share rewards based on their net hashrate rankings during the promotional period,… pic.twitter.com/sNbvergVD3
— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) November 28, 2024
Speculation Grows Around Kaspa Spot Listing
The promotional campaign has fueled discussions within the crypto community about the possibility of a Kaspa spot listing on Binance.
Historically, Binance has used such initiatives, including mining pool promotions, as precursors to full listings. Kaspa is already available for trading on Binance Futures, and its inclusion in Binance Pool is seen as an effort to increase visibility among traders.
A tweet from @Crypt0Proselyte noted that the mining promotion could indicate Binance’s growing institutional support for Kaspa.
The tweet emphasized the broader adoption benefits a potential listing could bring, including increased liquidity, price stability, and heightened attention from mainstream investors. A spot listing could also drive market interest, potentially leading to price rallies as traders anticipate higher demand.
Market Trends Suggest Re-Accumulation Phase for Kaspa
Technical analysis of Kaspa’s price action suggests bullish momentum.
According to @D_DTRADING, the token has recovered from a structural low and appears to be in a re-accumulation phase. Kaspa is currently trading near the mid-range and the point of control in a larger range, showing potential for a move toward range highs above $0.1800.
Source: D_DTRADING
As of the latest data from CoinGecko, Kaspa is priced at $0.1499 with a 24-hour trading volume of $124,665,486. This reflects a 1.54% increase over the past day, despite a 3.73% decline in the last week.
The token’s performance and market positioning further support predictions of upward price movement, contingent on broader market conditions and news developments.
Read also: Crypto Veteran Reveals Real Bitcoin (BTC) Price Prediction for 2025
Potential Impacts of a Binance Spot Listing
Should Kaspa secure a spot listing on Binance, the move could bring several benefits. Increased accessibility for investors may boost trading volume and liquidity, potentially stabilizing the token’s price.
Binance’s endorsement could also validate Kaspa as a prominent blockchain project, attracting wider market interest. Historically, such announcements have triggered price surges as traders react to increased demand and institutional recognition.
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