• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Boosts PNUT Support with New Trading Pairs

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency exchange Binance has expanded its list of trading pairs by adding new ones for PNUT and others, while removing some existing pairs.

Additional Support for PNUT

Binance added seven new pairs to Binance Spot, including PNUT/BRL and PNUT/EUR, to enhance the user's trading experience. Zero maker fees are available for ETH/EURI. Trading bot services are now available for several pairs, including ADA/USDC and DOGE/USDC. PNUT support led to a 1,400% price increase over the last two weeks due to its listing with a 'seed' tag and backing from Elon Musk.

Removal of Trading Pairs

Binance announced plans to remove some trading pairs from the spot trading feature, including DAR/BTC and RARE/BRL, starting November 22. Margin trading support for pairs such as C98/BTC and FIS/BTC will also end on November 27, due to factors like low liquidity.

Market Impact

Removal of pairs from the Binance platform often negatively affects the price of the respective digital assets by reducing accessibility and potentially causing reputational damage. Most affected tokens are in decline, with SuperRare (RARE) experiencing an 8% daily drop, currently trading around $0.11.

Binance's decision to expand trading options for PNUT and other cryptocurrencies reflects its effort to adapt to changing market conditions. The removal of certain pairs underscores the need to maintain liquidity and attractiveness.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

North Korean IT Workers Reportedly Infiltrate DeFi Projects

chest

Researcher Taylor Monahan revealed that North Korean IT workers have infiltrated over 40 DeFi projects in the past seven years, raising alarms about their potential influence and risks to the crypto ecosystem.

user avatarEmily Carter

ZachXBT Exposes North Korean Crypto Payment Server

chest

Crypto detective ZachXBT has uncovered an internal payment server linked to North Korean crypto operations, revealing 390 accounts and chat logs.

user avatarFilippo Romano

Chainalysis Forecasts Stablecoin Transactions to Match Visa and Mastercard

chest

Chainalysis predicts that on-chain stablecoin transactions could reach parity with Visa and Mastercard transaction counts by 2031-2039.

user avatarKaterina Papadopoulou

Regulatory Uncertainty Impedes Banking Sector's Technological Advancement

chest

The recent CEA study highlights the need for regulatory clarity in the banking sector to foster innovation and investment in new technologies.

user avatarTomas Novak

Call for Upgrading Bitcoin's Cryptography Amid Quantum Threats

chest

Call for Bitcoin to adopt new cryptographic measures to enhance security amid Quantum Computing concerns.

user avatarLeo van der Veen

Analysis of Quantum Computing Threats to Bitcoin

chest

Analysis of Quantum Computing threats to Bitcoin, highlighting potential risks to wallet security and the need for upgraded cryptographic measures.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.