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

Coingapestaff
August 30, 2024
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Highlights

  • Binance issues official announcement on adding new margin trading pairs.
  • The announcement zeroes in on TON, DOGS, JUP, and other crypto pairs.
  • The listed tokens' price action sparks contrasting market sentiments.

Crypto exchange behemoth Binance on Friday issued an important announcement on Toncoin (TON), DOGS, Jupiter (JUP), Algorand (ALGO), Aptos (APT), Arkham (ARKM), Blur (BLUR), SuperRare (RARE), Ontology (ONT), Tensor (TNSR), and Renzo (REZ) crypto. The digital asset exchange pioneer revealed that it is listing new margin trading pairs for the mentioned tokens on its platform today. This announcement has promptly gained significant traction across the broader crypto industry, projecting optimism on the listed tokens’ future movements.

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Binance Adds New Cross & Isolated Margin Trading Pairs

According to an official Binance Margin announcement dated August 30, the exchange is adding new trading pairs for TON, DOGS, and the mentioned crypto on cross and isolated margin. This mover by the leading crypto exchange comes as an effort to enhance user offerings. Moreover, the listing also increases market support for these tokens.

As per the official announcement, the new cross and isolated margin trading pairs included: ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, TON/USDC. With this offering, the exchange “strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform.”

Binance’s crypto listings usually appear to have a positive impact on a digital asset’s price. For context, CoinGape Media reported yesterday that Tranchess (CHESS) price soared nearly 41% upon futures listing on the exchange. Also, VIDT DAO price rocketed following its listing on the CEX. These past chronicles have fueled investor enthusiasm for the abovementioned tokens as new cross and isolated margin pairs launch today.

However, it’s worth noting that the listed tokens also tackle significant volatility today, primarily attributable to the broader market movement. Notably, the crypto market faced significant turbulence recently ahead of a key macro event, the U.S. PCE data.

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How Are The Listed Tokens Performing?

At press time, a majority of the listed tokens traded dominantly in the red territory, while some traded in the green, sparking contrasting sentiments on Binance’s listing. TON price tanked 3% in the past 24 hours to reach $5.42. Whilst, DOGS price cracked slightly over 9% to trade at $0.001296. Also, JUP price slipped 3% over the past day to reach $0.774.

However, Aptos (APT) price gained 4% to trade at $6.97. Moreover, ALGO price jumped by 0.7% over the past day to $0.129. Besides, ARKM price slipped 4% to trade at $1.07 today, and BLUR price fell 0.7% to $0.1638.

RARE price waned 6% to $0.1706 today, whereas ONT price surged 1% to $0.1689. REZ and TNSR prices dipped 2%-3%, standing at $0.03931 and $0.3189, respectively.

Meanwhile, in an effort to further solidify user appeal with enhanced offerings, the CEX also rolled out new spot trading pairs and trading bots services for DOGS, Pepe Coin (PEPE), Solana (SOL), and other tokens recently. Also, it’s worth mentioning that the exchange today added Self Chain (SLF) to its list of offerings. Starting September 2 at 10 UTC, users can start purchasing SLF on Binance Auto-Invest.

Altogether, the Riched Teng-led exchange has achieved a milestone within the global crypto industry and continues to cement its foothold with new offerings.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.