Binance has announced the introduction of six new trading pairs, including Catizen, 1MBABYDOGE, and NEIRO meme coins, across various fiat currencies. The new pairs are set to enhance the trading options on the platform, opening at 11:00 UTC on September 25, 2024.
The newly listed pairs include 1MBABYDOGE/FDUSD, 1MBABYDOGE/TRY, BTC/EURI, CATI/BRL, NEIRO/FDUSD, and NEIRO/TRY. This expansion could increase the trading volume and visibility of these coins, potentially influencing their market price positively.
Binance introduces six new trading pairs including Catizen, 1MBABYDOGE, and NEIRO across various fiat currencies. This move aims to provide users with more diverse trading options, potentially leading to increased activity and liquidity for the included meme coins.
In addition to the new pairs, the crypto exchange has enabled trading bots services for specific pairs, including BTC/EURI, to enhance trading efficiency. This tool is designed to assist traders in managing their trades more effectively. It reduces the need for constant market monitoring and allows strategic trading at optimal times.
More so, the exchange announced zero maker fees for the BTC/EURI trading pair, effective from 2024-09-25 UTC with no end date announced. This fee adjustment could attract a higher volume of trades, benefiting the liquidity and market dynamics of the involved pairs.
The introduction of trading bots for new and existing pairs signifies the exchange commitment to improving trading experience. These bots help users execute strategies with precision, often leading to better potential outcomes in their trading activities. Moreover, the zero maker fee policy on select pairs could reduce the cost for traders, encouraging more frequent and higher volume trades on the platform.
This strategic expansion will also contribute to the overall liquidity of the traded assets. Increased liquidity generally leads to better price stability, which are crucial for the adoption and long-term viability of cryptocurrencies, especially for the top meme coins.
In a related development, Binance’s recent announcement about the LOKAUSDT perpetual contract has significantly impacted the market value of the League of Kingdoms token. Following the news, LOKA price surged by over 20%, demonstrating the influence of exchange listings on token valuation and trader sentiment.
More so, Aavegotchi (GHST), a blockchain-based gaming and DeFi token, saw a 37% increase in price. This was after the crypto exchange announced new futures listing for GHST, boosting market optimism.
At press time, the meme tokens showed bullish signs with Catizen recording modest gains of 1.8% increase in the last 24 hours. NEIRO surged over 200% while Baby Doge rose by 7% in the last seven days. These price surges suggest a growing interest from investors attracted by the potential implications of Binance support.
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