The largest cryptocurrency exchange Binance announced the addition of new trading pairs and updated information regarding the drop in the OM token price.
New Trading Pairs on Binance
Binance plans to add new trading pairs BABY/EUR, ONDO/TRY, and PAXG/USDC to its lineup. According to information published on Binance's official Chinese account, the new pairs will be active from April 15, 2025, at 4:00 PM ET.
Announcement on OM Token and Its Drop
The OM token from Mantra experienced a sharp price drop, falling 90% in just a few hours, from over $6 to 40 cents. At the time of writing, its price was $0.742.
Binance's Reaction to OM Token Volatility
Binance responded to the sharp price fluctuations of the OM token, noting that the drop was linked to liquidations across exchanges. The exchange had previously implemented risk control measures for OM and added a warning about its high volatility.
Binance continues to expand its trading offerings, while investors remain cautious due to unexpected price drops in tokens like OM.
