Binance Expands Support For HIVE, IDEX, & TLM, Prices To Rally?

The leading crypto exchange, Binance, has expanded its support for HIVE, IDEX, and TLM crypto, gaining significant attention from investors. Notably, this has also caused the assets’ prices to surge immediately, indicating the robust influence of the exchange among investors. Now, with the expanded offering the market experts anticipate the rally to continue ahead.

Binance Reveals Major Support For HIVE, IDEX, & TLM

Binance introduced six new trading pairs for HIVE, IDEX, and TLM, marking an effort to diversify the trading options for investors. These pairs, HIVE/FDUSD, HIVE/USDC, IDEX/FDUSD, IDEX/USDC, TLM/FDUSD, and TLM/USDC, are set to be available on December 13, 2024, at 8:00 UTC. The top crypto exchange also integrated trading bots for these pairs, offering automated trading solutions for users.

Notably, the move isn’t just about adding pairs, but about enhancing user experience. The exchange revealed that trading these USDC pairs comes with a promotion, allowing participants to share in a 100,000 USDC pool. Besides, the platform offers zero fees on USDC spot trading, making the new offerings even more attractive.

Meanwhile, the exchange’s decision to support these tokens further solidifies its role as a market influencer. With promotions and advanced tools like trading bots, Binance positions itself as a leader in fostering asset liquidity and investor engagement.

This development has also sparked discussions over its potential implications on the assets’ prices ahead. For context, the listing or extended offering announcements from the top crypto exchanges usually boost the assets’ prices, while bolstering the market sentiment.

HIVE, IDEX, & TLM Prices Rally

Following Binance’s announcement, all three crypto, HIVE, IDEX, and TLM prices rallied today. This showcases the investors’ increasing focus on the assets with the expanded offering from a leading crypto exchange.

Notably, HIVE price was up more than 14% and exchanged hands at $0.34 during writing, while its trading volume slipped 14% to $51 million. Notably, the crypto has touched a 24-hour high of $0.3556 following the announcement recently. Over the last 30 days, the crypto has noted gains of 65%.

On the other hand, IDEX price was up about 5% and exchanged hands at $0.074, and its one-day trading volume soared 25% to $67 million. The crypto has traded between its 24-hour high and low of $0.08225 and $0.07148. Besides, IDEX Futures Open Interest was also up more than 13%, indicating strong market confidence towards the asset.

Simultaneously, Alien Worlds (TLM) price surged nearly 11% after the announcement to $0.0191, while its trading volume fell 6% to $39 million. Notably, the crypto has reached its 24-hour high of $0.01992. The TLM has recorded a weekly gain of 7% while soaring more than 70% in the last 30 days.

What’s Next For These Crypto?

Meanwhile, these price rallies indicate that the investors are shifting their focus towards the assets after Binance’s announcement. Besides, the increased offering also suggests that the traders might continue to trade these assets on the platform, which could help further gains in the prices ahead.

However, the investors should also trade cautiously due to the highly volatile nature of these assets. For context, the recent listing of ME token by the same exchange has sparked a 25% surge in the asset’s price, but it was short-lived. Soon after the massive surge, the ME token fell around 80%, weighing on the investors’ sentiment. In addition, another listing announcement from the exchange has also sparked a rally in Koma Inu’s price recently.