As a researcher with a background in crypto markets, I find Binance’s announcement of new trading pairs and trading bots services on Binance Spot an exciting development. The addition of Mexican Peso (MXN) trading pairs for Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO) broadens the list of trading choices and enhances users’ trading experience.
On Tuesday, Binance, the largest crypto exchange globally, unveiled the introduction of new trading pairs and trading bots on its Spot platform. Binance is set to add fresh trading pair options for prominent cryptocurrencies, including Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO).
Binance Announces News BTC, XRP Against Mexican Peso
On May 28, I announced in an official capacity that Binance will commence trading for new pairings, thereby broadening the scope of options available to our esteemed users and improving their overall experience on Binance Spot.
Starting from 15:00 UTC on May 29, Binance customers can initiate trading for the pairs BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. This addition of Mexican peso (MXN) pairs to the platform follows a surge in crypto interest and usage in that particular region.
As a crypto investor, I’m excited to share that starting from 15:00 UTC on May 29, the crypto exchange I use will provide trading bot services for several pairs, including BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC. These automated tools can help manage my trades more effectively and potentially increase my returns.
Individuals living in the listed countries and regions below are restricted from executing the specified spot trading pairs: Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories including American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and U.S. Virgin Islands, as well as non-government controlled areas in Ukraine.
XRP and BTC Price to Surge?
As a crypto investor, I’ve observed that XRP experienced a 2% price drop within the past 24 hours, with its current value sitting at $0.524. The lowest and highest points during this period were $0.521 and $0.537 respectively. Notably, there has been an uptick in trading volume by approximately 20% over the last 24 hours, suggesting a decrease in traders’ engagement with XRP.
The open interest for XRP futures has dropped by approximately 1.8 billion XRP, equivalent to over $618 million, during the past 24 hours. Trading activity saw sellers dominating the market in recent hours. However, upcoming options expiries hint at a potential price increase.
In the last 24 hours, the value of Bitcoin dropped by more than 3%. At present, it is being exchanged at the price of $67,358. The lowest and highest points in this timeframe were $67,450 and $70,025 respectively. Despite this decline, experts anticipate additional growth leading to a new record high.
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2024-05-28 22:13