Binance Alpha 2.0 goes live, allowing direct on-chain purchase of Alpha tokens on Binance 

Binance has launched Binance Alpha 2.0, a major update that integrates its Alpha platform directly into the Binance Exchange. 

The update simplifies the process of decentralized trading by enabling users to purchase Alpha tokens on-chain without withdrawing funds to external wallets, as stated in Binance’s Mar. 18 announcement on its official blog.

With Alpha 2.0, Binance users will be able to buy Alpha tokens through Binance Pay with their Funding and Spot accounts. Alpha was previously only available through the Binance Wallet, requiring extra steps for money transfers. By removing these steps, the latest update improves access to early-stage digital assets, lowers transaction costs, and improves security.

According to Binance, this update aims to maintain Alpha’s availability in Binance Wallet while integrating it into Binance Exchange for easier trading. Binance has added a dedicated “Alpha” tab to the “Markets” section to make it easier to find and trade Alpha tokens. Each token has a detailed page with real-time charts, project information, and trading options.

The launch follows Binance’s introduction of a community co-governance system for token listings and delistings on Mar. 7. Under this system, Binance users can vote on which projects get listed on the exchange. Binance will pre-select projects, and tokens with the most votes will be listed after due diligence checks.

At the same time, projects that fail to provide updates, lack active development or engage in questionable activities will be placed in Binance’s “monitoring zone.” Once there, the community can vote to delist them.

Both of these developments come at a time when Binance is striving to keep up with the rapid growth of new cryptocurrency projects, which now total tens of millions, making access and curation more crucial than ever.