NewsletterBinance Lists These Trending Crypto Amid Market Volatility
Highlights
- Binance lists Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, and Nervous Network (CKB) in USDC pairs.
- The move comes in response to enhance user trading experience by Binance Margin.
- JTO, LDO, and STX witness rebound after the announcement.
The leading global crypto exchange Binance has recently unveiled its plans to introduce new trading pairs with USDC for several popular cryptocurrencies, including Jito, Lido DAO, Stacks, EOS, and Nervous Network. Following the announcement, traders quickly reacted, causing a surge in the prices of these tokens as they experienced a notable rebound.
Binance Adds Key Crypto In USDC Pairs
Crypto exchange Binance in an official announcement on July 31 revealed the plan to add new crypto in USDC trading pairs on cross and isolated margin.
The crypto exchange has added CKB/USDC, EOS/USDC, IO/USDC, JTO/USDC, LDO/USDC, MANTA/USDC, OMNI/USDC, PIXEL/USDC, and STX/USDC pairs. Users can start trading these crypto pairs immediately after the announcement.
“Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” said the exchange.
In a separate announcement, the crypto exchange has also added Render (RENDER) under loanable assets products. Moreover, Render was recently listed by the exchange after token migration from the Ethereum blockchain to the Solana blockchain.
Also Read: Terra Luna Classic To Raise LUNC Burn Tax To 1.5%?
Crypto Tokens Witness Slight Rebound
JTO jumped 4% after the Binance listing announcement, with the price currently trading at $3.33. The 24-hour low and high are $3.07 and $3.35, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours. Jito futures open interests record massive increase in the 24 hours, with over 17% rise in past 4 hours.
LDO price and STX both jumped 3% in the last few hours. The buying came from futures traders as total Lido DAO and Stacks futures also saw a 3% rise in the last 4 hours. The major buying came on Binance and Bybit exchanges, but traders remain cautious ahead of the US Fed rate decision.
EOS, CKB, MANTA, PIXEL and OMNI also rebounded slightly, but continue to remain under pressure. However, the crypto market is now facing uncertainty as Bitcoin (BTC) and Ethereum (ETH) took a hit.
Also Read: Bank of Japan Rate Hike Leads to Bitcoin Volatility, All Eyes on US Fed Meeting
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