Binance Expands Offerings For CATI, HBAR, OM & These Crypto Sparking Optimism

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As a seasoned crypto investor with battle-scarred experiences and a portfolio that resembles a rollercoaster ride more than a stable investment, I always approach announcements like Binance’s expansion of trade offerings for CATI, HBAR, OM, RAY, and TAO with a mixture of excitement and cautious optimism.

Binance, a prominent cryptocurrency exchange, has once more ignited enthusiasm in certain digital assets by announcing expanded investment options for users on Monday. Specifically, the platform introduced new trading options for CATI, HBAR, OM, FDUSD, RAY, and TAO, attracting traders and investors worldwide. As these tokens have been quite volatile, analysts are discussing the possible effects of these additional listings on their prices in the near future.

Binance Expands Trade Offerings For CATI, HBAR, OM, & These 3 Tokens

On November 25th, Binance officially announced an expansion in their services. They will be introducing new USDC-tied cross and isolated margin pairs for CATI, HBAR, OM, FDUSD, RAY, and TAO. According to their announcement, this change aims to improve the trading experience by offering more stable and low-risk options for margin traders.

As a researcher, I’d like to highlight that the recent update includes a suggestion for users to regularly check the latest margin data on our platform for the most current information about marginal assets, along with specific details regarding limits, collateral ratios, and rates. This upgrade not only enriches the user experience but also opens up more opportunities for traders and investors to engage with the asset, fueling anticipation for potential future developments in the market. In line with this, the positive market buzz suggests that one of the leading crypto exchanges has extended its support for these tokens, adding to the overall optimism.

Interestingly, CoinGape Media announced that these specific tokens could potentially see further growth, as Binance has unveiled a significant update related to them, thereby strengthening the market’s backing by introducing new trading pair options.

How Are The Tokens Performing?

Despite improvements in trading opportunities, the stated coins have experienced volatile day-to-day fluctuations, mirroring broader market patterns. The price of Catizen (CATI) dropped by 4% within the last day, but rose by 15% over the past week to reach $0.5599. Its intraday low and high were $0.5029 and $0.5947 respectively. Data from Coinglass indicates a 1% rise in Catizen’s futures open interest to $56.29 million.

Over the last day, Hedera’s price surged by approximately 5%, reaching a value of $0.1445. On a weekly basis, it saw an impressive increase of around 22%. The day’s lowest and highest prices were recorded at $0.1365 and $0.1529 respectively. However, data from Coinglass hints at potential concerns about the coin’s future direction as its futures Open Interest dropped by 11% to stand at approximately $139.17 million today.

Despite a significant 11% drop in the price of MANTRA over the last 24 hours and a weekly decline of 11% to reach $3.68, investor confidence remains shaky due to the price fluctuation, even as the leading crypto exchange expands its services. The 24-hour trading range for MANTRA was between $3.53 (low) and $3.85 (high). According to Coinglass data, the futures Open Interest (OI) for MANTRA decreased by 7% to $192.19 million.

ray’s price climbed a significant 5% in the last 24 hours and an impressive 13% over the past week, reaching a value of $6.34. The day’s lowest and highest prices for the coin were $5.70 and $6.46 respectively. Nevertheless, the data provided by Coinglass shows that the volume of ray’s futures contracts dropped slightly by 0.05%, settling at approximately $16.16 million.

Lastly, Bittensor (TAO) price tanked 2% over the past day, whereas it gained 7% weekly to trade at $529. The token’s 24-hour low and high were $487.63 and $542.81, respectively. Bittensor’s futures OI slipped 2% to $212.13 million today. Overall, despite the crypto exchange’s enhanced trade offerings, market watchers remain apprehensive over future movements amid the broader market’s recent turbulent action.

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2024-11-25 13:32