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Binance Announces Listing Of These Trending Crypto Ahead Market Recovery
The world’s largest crypto exchange Binance on Wednesday said it will list some trending crypto in USDC trading pairs on cross and isolated margin. The crypto exchange plans to add some key tokens such as Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, and Nervous Network (CKB). Trades responded immediately and prices of these tokens saw recovery.
Binance Adds Key Crypto In USDC Pairs
Crypto exchange Binance in an official announcement on July 31 revealed the plan to add new crypto in USDC trading pairs on cross and isolated margin.
The crypto exchange has added CKB/USDC, EOS/USDC, IO/USDC, JTO/USDC, LDO/USDC, MANTA/USDC, OMNI/USDC, PIXEL/USDC, and STX/USDC pairs. Users can start trading these crypto pairs immediately after the announcement.
“Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” said the exchange.
In a separate announcement, the crypto exchange has also added Render (RENDER) under loanable assets products. Render was recently listed by the exchange after token migration from the Ethereum blockchain to the Solana blockchain.
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Crypto Tokens Witness Slight Rebound
JTO jumped 4% after the Binance listing announcement, with the price currently trading at $3.33. The 24-hour low and high are $3.07 and $3.35, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours. Jito futures open interests record massive increase in the 24 hours, with over 17% rise in past 4 hours.
LDO price and STX both jumped 3% in the last few hours. The buying came from futures traders as total Lido DAO and Stacks futures also saw a 3% rise in the last 4 hours. The major buying came on Binance and Bybit exchanges, but traders remain cautious ahead of the US Fed rate decision.
EOS, CKB, MANTA, PIXEL and OMNI also rebounded slightly, but continue to remain under pressure.
Also Read: Bank of Japan Rate Hike Leads to Bitcoin Volatility, All Eyes on US Fed Meeting
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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