Binance announcement has stirred optimism in the market, though volatility remains high due to overall market conditions.
On Friday, the cryptocurrency exchange Binance made a significant announcement. The announcement concerned the following cryptocurrencies: Toncoin (TON), DOGS, Jupiter (JUP), Algorand (ALGO), Aptos (APT), Arkham (ARKM), Blur (BLUR), SuperRare (RARE), Ontology (ONT), Tensor (TNSR), and Renzo (REZ).
Binance Adds New Cross & Isolated Margin Trading Pairs
Starting today, a pioneer in the field of digital asset exchange announced the launch of new margin trading pairs for the tokens mentioned on its site. This statement has quickly gained considerable traction across the cryptocurrency sector, projecting optimism over the future movements of the listed tokens.
Binance Margin, in an official release on August 30th, announced the launch of new trading pairs for TON, DOGS, and a cryptocurrency named on both cross and isolated margins. The biggest cryptocurrency exchange has taken this step in an effort to improve the services it provides to its customers.
In addition to this, the listing also provides additional market support for these coins. The official announcement included the following pairings in the new cross and isolated margin trading pairs: ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC.
According to the exchange’s own statement regarding this service, the trading platform “strives to enhance the user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform.”
Generally speaking, the cryptocurrencies listed on Binance appear to have a positive effect on the price of a digital asset.
Simultaneously, the listing of VIDT DAO on the CEX led to a significant surge in its price. Today’s launch of new cross and isolated margin pairings has fueled investor excitement for the aforementioned tokens, thanks to these previous chronicles.
However, it’s crucial to note that the current high volatility of the listed tokens is primarily due to the overall market movement. Notably, the cryptocurrency market has experienced tremendous volatility in recent times, particularly in the days leading up to a significant macro event, which is the release of the United States PCE statistics.
How Are The Listed Tokens Performing?
However, at the time of this publication, the bulk of the listed tokens were trading in the red zone, while some of them were trading in the green territory, which sparked contrasting sentiments on Binance’s listing.
In the past twenty-four hours, the TONNE price has dropped by 3%, reaching $5.42. The price of DOGS, on the other hand, increased by a little more than 9% to reach $0.001296.
Furthermore, the price of JUP decreased by 3% over the previous day, reaching $0.774.At the same time, the price of Aptos (APT) increased by 4%, reaching $6.97. Over the previous day, the price of ALGO increased by 0.7%, reaching $0.129.
In addition, the price of ARKM dropped by 4% to trade at $1.07 today, and the price of BLUR dropped by 0.7% to trade at $0.1638. As of today, the price of RARE decreased by 6% to $0.1706, while the price of ONT increased by 1% to $0.1689.
As of right now, the prices of REZ and TNSR have decreased by 2% to 3%, reaching $0.03931 and $0.3189, respectively. In the meantime, the CEX has recently introduced new spot trading pairs and trading bot services for a variety of tokens, including DOGS, Pepe Coin (PEPE), Solana (SOL), and others.
We took this action to enhance the platform’s user appeal by offering a wider range of products. Moreover, it is important to point out that the exchange has recently added Self Chain (SLF) to the list of products and services it provides.
On September 2 at 10 UTC, customers will be able to begin acquiring SLF using the Binance Auto-Invest trading platform.
The Riched Teng-led exchange has, as a whole, accomplished a significant milestone within the cryptocurrency business on a worldwide scale, and it is continuing to strengthen its presence by introducing new products and services.
