Binance, one of the leading cryptocurrency exchanges, announced the addition of new trading pairs for five emerging cryptocurrencies: ACT, COW, CETUS, PNUT, and TROY. These changes aim to increase accessibility and convenience for investors worldwide.
New Trading Pairs and Accessibility
On November 12, Binance confirmed the addition of new trading pairs: ACT/TRY, COW/TRY, CETUS/TRY, TROY/TRY, and PNUT/TRY, which started trading on November 13. These pairs enable Binance users to trade these tokens directly with the Turkish Lira (TRY). The program also includes Trading Bot services, allowing automated orders to minimize risk. Users can now use Spot Algo orders and newly revealed bots for the BNB/EUR pairs.
Market Reaction and Price Volatility
Following the announcement, some of these tokens experienced significant price changes. ACT (AI Prophecy), with its artificial intelligence theme, rose more than 1,300% in the past week. Meanwhile, COW also surged by 52% weekly, whereas CETUS fell by 19% during the day but rose by 85% over the week. PNUT dropped by 7% in a day but has risen by 750% within a week. These fluctuations are linked to its listing on a large exchange.
Trading Restrictions and Regulatory Compliance
Despite the new listings, Binance continues to restrict access to these assets in particular regions due to regulatory compliance. Users in the US, Canada, the Netherlands, and others are barred from trading these pairs. These restrictions are part of Binance’s efforts to comply with regulations across various jurisdictions and ensure user safety.
The expansion of trading opportunities on Binance has brought new and volatile cryptocurrencies to the market, attracting investor attention. However, regional restrictions highlighted the importance of regulatory compliance. The interest in tokens like ACT and PNUT underlines the growing appeal of meme and AI-themed tokens.
