Binance will list Toncoin (TON) for spot trading on August 8 with trading pairs including TON/BTC, TON/USDT.
Binance, the most prominent cryptocurrency exchange in the world has recently made an announcement regarding a significant event that is positive for the Toncoin (TON) ecosystem.
The exchange has disclosed its intention to offer TON for spot trading on its platform, which is a move that customers have been eagerly anticipating.
Toncoin (TON) Spot Trading Listing
This announcement has already had a significant impact on the market, as evidenced by the price of TON rising by more than ten percent in anticipation of the listing.
Binance has confirmed its intention to offer Toncoin (TON) for spot trading on its platform, which is a move that has been the subject of much anticipation. The new trading pairs that will be available to customers on August 8 at 10:00 UTC include TON/BTC, TON/USDT, and TON/FDUSD. These pairings will then go live.
Although the token’s price has plummeted to 6.9%, the announcement has already had a significant impact on the Toncoin cryptocurrency market. Since the announcement, the token’s price has surged by an astounding 12%.
Investors are eagerly anticipating the additional liquidity and visibility that the spot listing will bring are something that investors are looking forward to enthusiastically.
The fact that they have removed the regular listing cost for TONNES and instead set it at 0 BNB is particularly noteworthy. This action demonstrates the exchange’s faith in the potential of the project.
Additionally, they will attach the “seed” tag to TON, emphasizing its status as a newly listed asset on the market. The Titan exchange has opened deposits for TONNE in anticipation of the upcoming trading launch.
This enables users to begin moving the tokens to their wallets in preparation for the launch. We will make withdrawals available exactly twenty-four hours later, on August 9, 2024, at ten o’clock (UTC).
The TON ecosystem has reached a critical milestone with TON’s spot listing on the exchange, which is one of the world’s largest and most influential cryptocurrency exchanges.
We anticipate that this new development will enhance the token’s liquidity, accessibility, and overall market exposure, potentially driving further growth and adoption in the upcoming months and years.
Binance Regulatory Headwinds Amid Expansion Efforts
Recent events have led to the Indian government imposing a significant tax bill on the world’s largest cryptocurrency exchange, the leading exchange.
The Ahmedabad section of the Directorate General of GST Intelligence (DGGI) has issued a show cause notice to the exchange, requesting that it pay a total of $86,033,159 in Goods and Services Tax (GST).
In addition, the venture capital arm of the exchange, known as Binance Labs, has just invested in Solayer, which is a prominent restaking network on Solana.
In addition to bolstering Solana’s Layer 1 (L1) security, the goal of Solayer is to enhance network bandwidth and ensure the safety of decentralized applications (dApps) that run on the blockchain.
This contribution demonstrates the investor’s dedication to promoting the ecosystem of alternative cryptocurrencies.
