Binance’s Innovation Zone Offers a New Listing, Crypto Price Surges by 55%

Binance, world’s largest cryptocurrency exchange, has announced the listing of Pendle (PENDLE) in its Innovation Zone. The addition of Pendle to Binance’s trading platform, caused its price to shoot over 50% and now opens up new possibilities for yield-trading enthusiasts seeking innovative investment opportunities.

Binance New Listing PENDLE

In a recent blog post, Binance announced the listing of Pendle (PENDLE) in its Innovation Zone, with trading set to open on July 3, 2023, at 10:00 (UTC). The spot trading pairs for PENDLE will include PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD.

As an added benefit, users trading the PENDLE/TUSD pair will enjoy zero maker fees until further notice. The blog also adds that-

In addition, Binance will add PENDLE as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-07-03 10:00 (UTC): PENDLE/USDT

It has also announced the launch of Pendle on Binance Launchpool, offering users the opportunity to stake their BNB and TUSD to farm PENDLE tokens over a 25-day period. Read More on Binance official blog…

Also Read: Ethereum Price Prediction As ETH Takes On $2,000

PENDLE Crosses $1 Mark

In addition to Binance’s announcement, CoinGecko, cryptocurrency data platform, reported the impressive performance of Pendle (PENDLE) in the second quarter of 2023. It emerged as the top gainer, experiencing a remarkable price surge of 125%. This exceptional growth surpassed other notable cryptocurrencies, including BCH with a 104% increase and TOMI with a 100% increase.

Pendle (PENDLE) is currently trading at $1.19, reflecting a significant increase of 30.09% in the last 24 hours. The trading volume for PENDLE during this period has surged to $23,511,128, marking a remarkable increase of 602.69%.

Also Read: Shibarium To Burn Trillions of $SHIB Tokens

About Pendle: Pendle is a pioneering yield-trading protocol that enables users to separate a yield-bearing asset into its principal and yield components. It empowers users to earn fixed or flexible yields. The listing of Pendle in Binance’s Innovation Zone represents an exciting step forward for the yield-trading ecosystem, especially growing PENDLE ecosystem.