Binance Expands Support For TON, DOGS, JUP, & These Crypto

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As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I must admit that news like Binance adding new margin trading pairs for a host of digital assets always piques my interest. Having witnessed firsthand the impact such listings can have on coin prices, I find myself intrigued and cautiously optimistic about this latest development.

Binance, a major player in the cryptocurrency exchange market, announced on Friday about new margin trading pairs for several coins including Toncoin (TON), Dogecoin (DOGS), Jupiter (JUP), Algorand (ALGO), Aptos (APT), Arkham (ARKM), Blur (BLUR), SuperRare (RARE), Ontology (ONT), Tensor (TNSR), and Renzo (REZ). Starting today, these pairs will be available on its platform. This news has sparked interest within the broader crypto industry, suggesting a positive outlook for the future price fluctuations of these tokens.

Binance Adds New Cross & Isolated Margin Trading Pairs

Based on a Binance Margin announcement dated August 30, the platform is introducing new trading options involving TON, DOGS, and other cryptocurrencies for both cross and isolated margin trading. This step by the prominent crypto exchange aims to expand user services, while also boosting market backing for these tokens.

According to the recent announcement, the updated list of cross-isolated margin trading pairs has been expanded to include: ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC. This expansion aims to improve the trading experience for users by regularly evaluating and increasing the variety of trading options available on the platform.

On Binance, a crypto asset’s listing often seems to boost its price. For instance, Tranchess (CHESS) skyrocketed by almost 41% in value after it was listed on the exchange. Similarly, VIDT DAO experienced a significant surge following its CEX listing. These instances have ignited investor interest in these tokens, as new cross and isolated margin pairs are launched today.

It’s important to mention that the mentioned items are dealing with considerable fluctuations now, mainly due to general market trends. Of particular note, the crypto market has experienced substantial instability lately in anticipation of a major economic update, specifically the U.S. Personal Consumption Expenditures (PCE) data.

How Are The Listed Tokens Performing?

Currently, most of the tokens listed on Binance are primarily trending downward (red territory), with a few exceptions moving upwards (green territory). This has created mixed feelings among investors regarding Binance’s listings. For instance, TON‘s price decreased by 3% in the last 24 hours, landing at $5.42. Conversely, DOGS experienced a more significant increase of approximately 9%, trading at $0.001296. Additionally, JUP saw a drop of 3%, ending the day at $0.774.

Meanwhile, Aptos (APT) saw a 4% increase, trading at $6.97. Similarly, Algorand (ALGO) rose by 0.7%, reaching $0.129. Conversely, Ark Investment Management’s ARKM dropped 4% to $1.07 today. Lastly, Blur’s price decreased by 0.7%, settling at $0.1638.

Today, the RARE price decreased by 6% to reach $0.1706, while the ONT price rose by 1% to $0.1689. The prices of REZ and TNSR fell by 2%-3%, currently standing at $0.03931 and $0.3189 respectively.

To boost user attraction even more by providing superior services, the CEX has introduced fresh spot trading pairs and automated trading bot services for Dogecoin (DOGS), Pepe Coin (PEPE), Solana (SOL), and other tokens. This move marks a significant milestone in the global crypto industry as the exchange led by Riched Teng consolidates its position with innovative offerings.

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2024-08-30 13:13