Binance, one of the world’s leading cryptocurrency exchanges, is known for its dynamic approach to token listings. The platform frequently introduces new tokens and projects, providing lucrative investment opportunities for traders and investors eager to diversify their portfolios.
For investors aiming to capitalize on significant gains in 2024, staying updated on upcoming Binance listings is a smart strategy.
Here’s what you should keep your eye on.
What’s New on Binance: Key Listings and Changes
On July 31, Binance made headlines with an announcement about its latest additions to USDC trading pairs. The exchange will now offer JTO/USDC, LDO/USDC, STX/USDC, EOS/USDC, and CKB/USDC pairs. Additionally, MANTA/USDC, OMNI/USDC, and PIXEL/USDC have been introduced.
These updates reflect Binance Margin’s ongoing efforts to broaden its trading options, giving users more ways to diversify their portfolios and fine-tune their trading strategies. This expansion also aims to ease the trading pressure on major coins like BTC and ETH, reducing associated risks.
Upcoming Delistings
Starting August 2, 2024, Binance will remove several spot trading pairs from its platform, including ADA/TUSD, AEVO/BNB, AST/BTC, and MANTA/BNB. Despite this, these tokens will remain available in other trading pairs on Binance Spot.
Price Movements and Trends
The market responded quickly to Binance’s announcement, with notable price shifts in several newly listed tokens. Jito (JTO) saw a 4% increase, reaching $3.33. Its 24-hour trading range was between $3.07 and $3.35, although its trading volume fell by 23% during this period. Additionally, Jito’s future open interests surged by over 17% in the last four hours.
Similarly, Lido DAO (LDO) and Stacks (STX) experienced a 3% price rise, driven by futures traders. Both tokens saw a 3% increase in futures trading over the last four hours, primarily on Binance and Bybit exchanges. Traders are, however, remaining cautious ahead of the US Federal Reserve’s rate decision.
Other tokens like EOS, Nervous Network (CKB), MANTA, PIXEL, and OMNI also enjoyed modest price rebounds. Despite these increases, these tokens are still navigating market pressures and have yet to achieve significant recovery.
Additional Updates
In a related development, Binance announced the inclusion of Render (RENDER) in its loanable assets products. The exchange recently listed Render following its migration from the Ethereum blockchain to the Solana blockchain.
This inclusion is part of Binance’s ongoing efforts to offer its users a wider range of assets and opportunities.
Binance is shaking things up. Are you excited about the new listings? Tell us why or why not.
