2024-07-31 08:15:54 by CoinGape

The leading global crypto exchange Binance has recently unveiled its plans to introduce new trading pairs with USDC for several popular cryptocurrencies, including Jito, Lido DAO, Stacks, EOS, and Nervous Network. Following the announcement, traders quickly reacted, causing a surge in the prices of these tokens as they experienced a notable rebound.Binance Adds Key Crypto In USDC PairsCrypto exchange Binance in an official announcement on July 31 revealed the plan to add new crypto in USDC trading pairs on cross and isolated margin.The crypto exchange has added CKB/USDC, EOS/USDC, IO/USDC, JTO/USDC, LDO/USDC, MANTA/USDC, OMNI/USDC, PIXEL/USDC, and STX/USDC pairs. Users can start trading these crypto pairs immediately after the announcement. “Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” said the exchange.In a separate announcement, the crypto exchange has also added Render (RENDER) under loanable assets products. Moreover, Render was recently listed by the exchange after token migration from the Ethereum blockchain to the Solana blockchain.Also Read: Terra Luna Classic To Raise LUNC Burn Tax To 1.5%?Crypto Tokens Witness Slight Rebound JTO jumped 4% after the Binance listing announcement, with the price currently trading at $3.33. The 24-hour low and high are $3.07 and $3.35, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours. Jito futures open interests record massive increase in the 24 hours, with over 17% rise in past 4 hours.Source: CoinglassLDO price and STX both jumped 3% in the last few hours. The buying came from futures traders as total Lido DAO and Stacks futures also saw a 3% rise in the last 4 hours. The major buying came on Binance and Bybit exchanges, but traders remain cautious ahead of the US Fed rate decision. EOS, CKB, MANTA, PIXEL and OMNI also rebounded slightly, but continue to remain under pressure. However, the crypto market is now facing uncertainty as Bitcoin (BTC) and Ethereum (ETH) took a hit.Also Read: Bank of Japan Rate Hike Leads to Bitcoin Volatility, All Eyes on US Fed Meeting Varinder Singh Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.