Jupiter Exchange (JUP), a Solana-based decentralized exchange, has received a boost from Binance, the world’s leading crypto exchange, which has decided to list the JUP token on its platform. The listing has coincided with a surge in trading volume for Jupiter Exchange, which has climbed to the second spot among decentralized exchanges.
Jupiter Exchange (JUP), a Solana-based decentralized exchange, has received a boost from Binance, the world’s leading crypto exchange, which has decided to list the JUP token on its platform. The listing has coincided with a surge in trading volume for Jupiter Exchange, which has climbed to the second spot among decentralized exchanges.
Binance’s recent announcement signals a major endorsement for Jupiter Exchange, as the global exchange giant declares its intention to list the JUP token. Starting January 31, 2024, at 15:30 (UTC), Binance will open spot trading for JUP with trading pairs, including JUP/USDT, JUP/FDUSD, and JUP/TRY.
In addition, the listing fee for JUP is set at 0 BNB, reflecting Binance’s support for this Solana-based DeFi protocol. Simultaneously, Binance will introduce JUP as a new borrowable asset with a new margin pair on the Isolated Margin within 48 hours from the listing date.
Jupiter Exchange Rises to Second Place in Trading Volume
Meanwhile, the announcement comes amid CoinGecko data revealing Jupiter’s remarkable ascent in the decentralized exchanges landscape, securing the second position in trading volume.
The data showed that Uniswap V3 (Ethereum) leads the pack with approximately $781.25 million in volume over the last 24 hours, while Jupiter claims the second spot with an impressive $629.32 million in trading volume during the same period.
This surge underscores Jupiter’s growing popularity and dominance, setting the stage for increased attention from crypto enthusiasts and investors. Jupiter Exchange is a fast, secure, and low-cost decentralized exchange that leverages the scalability and interoperability of the Solana blockchain.
Jupiter Exchange allows users to trade any token issued on Solana, as well as cross-chain assets from other blockchains, such as Ethereum, Bitcoin, and Binance Smart Chain.
Other Crypto Exchanges to Follow Binance’s Lead
It’s worth noting that several other leading crypto exchanges have also unveiled plans to list the JUP token on their platform, indicating the growing interest of the crypto community towards the Solana-based project.
These include Huobi, OKEx, and KuCoin, which have announced their support for JUP in the coming weeks.
The listing of JUP on multiple crypto exchanges is poised to amplify the token’s reach and impact in the ever-evolving crypto landscape. The token serves as the governance and utility token of the Jupiter Exchange platform, enabling users to participate in the decision-making process, access premium features, and benefit from discounts and rewards.
