[Binance Releases Overview of Listing Pathway, Covering Alpha, Futures, and Spot Stages] On December 17, Binance released an overview of its listing pathway, which follows a structured three-stage process: Binance Alpha, Binance Futures, and Binance Spot. Binance Alpha serves as a token screening platform prior to spot listing; Binance Futures allows for the establishment of long and short positions; Binance Spot supports direct buying and selling, while offering opportunities such as HODLer airdrops, Launchpool, and Megadrop. Binance evaluates project performance at each stage, and only a very small number of projects meeting the criteria can be directly listed on the spot market.