Binance Expand Support For BOME, TIA, MATIC; Prices Rally

Highlights

Binance introduces perpetual contracts for BOME, TIA, and MATIC on Binance Futures.
Zero maker fees and reduced taker fees enhance trading incentives for users.
The BOME, TIA, and MATIC prices rally following the Binance's announcement.

Binance, a leading cryptocurrency exchange, has once again triggered discussions among investors with its announcement to expand support for BOME, TIA, and MATIC tokens. Meanwhile, this move has sparked a significant rally in the prices of Book of Meme (BOME), Celestia (TIA), and Polygon (MATIC), underscoring the growing confidence in these cryptocurrencies within the market.

Binance Enhances Support For BOME, TIA, & MATIC

The recent announcement from the leading crypto exchange, Binance, regarding the launch of USDC-margined perpetual contracts for BOME, TIA, and MATIC on Binance Futures has ignited a surge in investor interest. These contracts, offering leverage of up to 50x for BOME and TIA and up to 75x for MATIC, provide traders with increased flexibility and trading opportunities.

Notably, the introduction of zero maker fees and reduced taker fees from Binance has further made the deal more attractive for users, incentivizing active participation in trading activities.

Meanwhile, the expansion of trading options on Binance Futures presents a strategic move by the exchange to cater to the evolving needs of its user base. By offering perpetual contracts for BOME, TIA, and MATIC, Binance aims to enhance the trading experience and provide users with access to a diverse range of investment opportunities.

In addition, the decision to introduce these contracts reflects Binance’s commitment to fostering innovation and driving growth within the cryptocurrency ecosystem.

Also Read: Binance Founder Changpeng Zhao Likely To Face 36 Months In Prison

Market Response & Future Outlook

The market response to Binance’s expansion of support for BOME, TIA, and MATIC has been overwhelmingly positive, as evidenced by the notable rally in their prices. This surge reflects the growing confidence of investors in the potential of these cryptocurrencies, fueled by Binance’s endorsement and the introduction of new trading avenues.

As Binance continues to roll out innovative features and support for emerging tokens, the outlook for BOME, TIA, and MATIC appears promising, with further price appreciation and market adoption on the horizon.

Meanwhile, as of writing, the BOME price rallied 15.05% to $0.01187, while its trading volume soared 86.15% to $400.47 million. On the other hand, the Celestia price has added 7.40% and traded at $11.86 following the Binance’s announcement.

Simultaneously, the MATIC price noted a surge of 3.20% and exchanged hands at $0.7533, while its trading volume rose 7.59% to $253.73 million.

Also Read: Shiba Inu Price Rallies As Whale Shifts 3 Tln SHIB, What’s Next?

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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