Binance to List Aster Despite Wash Trading Allegations

Binance has recently announced its plans to list Aster, a key development for the decentralized exchange project.

Key Takeaways

Binance is set to list Aster on October 6, 2025, with trading pairs for ASTER/USDT, ASTER/USDC, and ASTER/TRY.
Users can start depositing Aster tokens on the listing day and withdraw them 24 hours later.
Allegations of wash trading have emerged against Binance, raising concerns in the crypto community.
Aster's price experienced a drop following caution from analytics firm DeFiLlama but has since regained some value.

Binance to list Aster amid wash trading allegations - 1

This article discusses Binance's decision to list Aster and the surrounding allegations of wash trading affecting the crypto community. It details the trading launch, user deposit and withdrawal timeline, price fluctuations, and Binance's caution to users.

Binance Listing Details

Binance will officially launch trading for the Aster token on October 6, 2025, at 12:00 UTC. There will be three trading pairs available: ASTER/USDT, ASTER/USDC, and ASTER/TRY. Deposits for Aster tokens will be open from 09:00 UTC on the same day, followed by withdrawals which will commence at 12:00 UTC on October 7.

This announcement comes amid serious allegations of wash trading associated with Binance—where fake trades are conducted to manipulate market metrics. Binance's inclusion of a "Seed Tag" for Aster has fueled concerns, indicating that the exchange perceives this token as high-risk. This perception is likely due to issues such as volatility, low liquidity, or ongoing accusations.

As part of their listing announcement, Binance urged users to conduct thorough research prior to making trades outside of Binance, emphasizing the importance of avoiding scams and protecting their funds.

Aster Price Fluctuation

The timing of Binance's listing is notable as it follows a recent decision by DeFiLlama, an analytics platform, to remove Aster from its perpetual futures data due to questionable trading activities. 0xngmi, co-founder of DeFiLlama, pointed out that trading volumes of XRP/USDT and ETH/USDT on Binance mirrored each other closely, which led to further allegations of wash trading.

Despite the removal of Aster’s perpetual futures data, its spot data and Total Value Locked (TVL) metrics remain available on DeFiLlama. This decision initially triggered a sell-off, causing Aster's value to drop by 10% to $1.80. However, the token has since made a comeback, rising to around $2.00 and posting a gain of 3.9% in the last 24 hours, according to data from crypto.news.

While there is currently no direct proof that Aster has participated in wash trading, Binance’s application of the seed tag underscores its effort to inform users about the potential risks involved with newly listed decentralized exchange tokens.