Binance Lists Maker’s MKR And DAI
Malta-based cryptocurrency exchange, Binance announced the listing of Maker’s MKR as well as DAI. DeFi prolongs its uphill journey after stacking 3.37 billion USD.
DeFi Tokens Are Stealing The Show
Decentralized Finance [DeFi] has been consistent in making it to the headlines. Crypto industry’s most decentralized wing, DeFi was recently praised for stacking over 3 billion USD. While the crypto-verse lauded DeFi’s lending protocol, Compound Finance for spurring up the popularity of the space, Maker was done taking the backseat on this one. After almost a month of lounging below Compound, Maker took over its position as the face of DeFi.
Maker finally made it back on top and locked about 706.6 million USD in DeFi, during the time of writing. The Maker token, MKR has also been outperforming several altcoins, in terms of price as well as price change. At the time of writing, MKR was trading at 524.54 USD with a 7.8 percent increase over the last 24-hours. Maker’s price movement did catch the eye of many which further led to the token landing support from the prominent cryptocurrency exchange, Binance.
Just today, the Malta-based cryptocurrency exchange announced that it would list MKR as well as stablecoin Dai [DAI]. Binance took to Twitter to announce the same. The tweet read,

The exchange’s blog post further revealed that it has extended support to both these coins and would commence trading for the trading pairs, MKR/BNB, MKR/BTC, MKR/BUSD, MKR/USDT, DAI/BNB, DAI/BTC, DAI/BUSD, and DAI/USDT. Users would be able to begin trading these assets post 2:00 PM [UTC] from 23 July 2020.
While pointing out that the world’s biggest cryptocurrency exchange was late to the DeFi party, the crypto community noted that the big shift towards DeFi was finally underway. Binance evidently seems to be following the “better late than never” motto as the exchange extended support to several other DeFi tokens over the month. At the beginning of the month, Binance listed Synthetix [SNX], a token that witnessed a 230 percent increase in just one month. Compound’s governance token, COMP was an obvious choice considering the initial price movement of the token.
- Litecoin Price Jumps, What’s Behind the Sudden Rally? (28 oct)
- Metaplanet Stock Surges 10% on Share Repurchase, Capital Allocation Policy
- AI Meets Smart Routing: Screx Sets a new efficiency Benchmark in DeFi
- Bitwise Solana Staking ETF (BSOL), Canary Litecoin and HBAR ETFs to Launch Today
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Poised to Break $125k? If President Trump Announces Deal with China on October 30th
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
MEXC