Binance Extends Support For These Cryptos, Potential Price Impact?

Highlights

Binance introduces new trading pairs and services, stirring speculation on crypto price impacts.
The announcement comes amid a dip in the broader cryptocurrency market.
Analysts anticipate positive price movements for the cryptos following Binance's announcement.

Binance, a leading cryptocurrency exchange, has once again sparked investor interest with its latest announcement. The platform revealed plans to introduce new trading pairs and trading bot services, sparking speculations over its potential impact on the crypto prices.

In other words, several crypto market enthusiasts expect Binance’s move could offer a glimmer of hope, especially amid the ongoing market uncertainties.

Binance Unveils New Trading Pairs and Services

The leading crypto exchange, Binance has announced new trading pairs and Trading Bots services to enhance trading options for its users. According to its announcement, the spot trading will open for ATOM/USDC, CFX/USDC, POLYX/TRY, RNDR/USDC, RUNE/USDC, and SAGA/USDC starting April 17.

In addition, the Trading Bots services will be enabled for specific pairs, which include SAGA/USDT and TNSR/USDT. However, it’s worth noting that the eligibility for trading these pairs depends on the user’s country or region of residence.

Meanwhile, Binance emphasizes that the list of restricted countries may change due to legal or regulatory reasons. In addition, Binance reassures users that the list of trading pairs may be updated periodically to adapt to changing legal or regulatory conditions.

Notably, the Saga cryptocurrency has garnered significant attention recently, especially after being listed as the 51st project on Binance Launchpool. This move indicates growing interest in Saga among investors, potentially bolstering its market performance amid the broader market dip.

Also Read: Ripple Vs SEC Lawsuit- Settlement Debates & XRP Price Fall Concerns

Potential Impact On Prices

Binance’s announcement comes at a crucial time for the crypto market, which is currently experiencing a downturn fueled by fear, uncertainty, and doubt (FUD) sentiments, particularly ahead of the Bitcoin Halving event. However, historical trends suggest that major exchange announcements often stimulate positive price movements in the cryptocurrency space.

Considering that, several analysts are optimistic about the potential price movements of the cryptos following the latest announcement from the major crypto exchange. In other words, with Binance extending support to new cryptocurrencies and introducing trading services, analysts anticipate a potential price rebound for the mentioned cryptos.

Meanwhile, Binance’s initiative to expand its offerings reflects a commitment to catering to the evolving needs of cryptocurrency traders. As the market awaits the impact of these developments, investors are hopeful that Binance’s support for new cryptos and trading services could inject fresh momentum into the market, paving the way for potential price surges and renewed optimism among crypto enthusiasts.

However, despite the positive announcement, Cosmos (ATOM) price fell 5.3% to $8.17, while the THORChain (RUNE) price slumped 7.41% to $5.20. Simultaneously, the SAGA price also dropped 3.55% to $4.17 over the last 24 hours.

Also Read: Ripple CTO Slams Elon Musk For Plans Of Imposing Charges On New X Users

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

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.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.

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.