Altcoin
Binance Unveils Major Backing For MKR, EPIC, & These 3 Crypto, What’s Happening?
Crypto exchange titan Binance again caused a market stir with its latest announcement on five crypto tokens this Monday. Notably, the exchange revealed plans to launch new spot trading pairs for MKR, EPIC, DF, GMX, and RPL shortly ahead. In an upshot, crypto traders and investors anticipate whether the enhanced market support on one of the top exchanges could propel a price rally ahead.
Binance Expands Trade Offerings For MKR, EPIC, & These 3 Crypto
An official announcement on March 17 conveyed that the crypto exchange would open trading for five new pairs soon. Starting March 18 at 08:00 UTC, traders and investors remain poised to enjoy the following trading pairs on the platform:
New Trading Pairs Available On Binance Spot
- DF/USDC
- EPIC/USDC
- GMX/USDC
- MKR/USDC
- RPL/USDC
What More Services Will Launch Ahead?
Simultaneously, the leading cryptocurrency exchange will commence ‘Trading Bots’ services for the abovementioned pairs on the same date and time. Spot Algo orders for these tokens will also be accepted starting at the same time duration.
Why The Enhanced Trade Offerings?
Binance revealed in its announcement that the decision comes to expand users’ trade offerings. The crypto exchange forges ahead with its mission to offer traders emerging market opportunities in the best way possible.
While this mover is poised to enhance users’ trading experience, the top crypto exchange continues to cement its global ranking, magnetizing market participants with improved offerings. “Users will enjoy discounted taker fees on all existing and new USDC spot and margin trading pairs until further notice,” the announcement added.
Here’s The Twist
However, Binance underlined a list of countries where it will not launch these offerings. These regions are:
- Canada
- Cuba
- Crimea Region
- Iran
- Netherlands
- North Korea
- Syria
- United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands).
- Any non-government-controlled areas of Ukraine.
The exchange may update this list periodically, subject to legal, regulatory, or other changes ahead.
Why Is The Binance Announcement Bullish For Tokens?
For context, new spot listings on crypto exchange giants pave the way for increased investor interaction with the assets. As a result, market sentiments turn bullish as a potential money influx in coins awaits.
Historically, spot listings on the same exchange have proved bullish news for the crypto community. Notably, another hot market buzz, Pi Network (PI), is speculated to be listed on the same CEX shortly. As an upshot, traders and investors eye price gains in the asset ahead. Similarly, the abovementioned tokens also remain optimistically eyed by investors amid new listings.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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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