On July 28, Binance announced the launch of new trading pairs for four digital assets, including BANANAS31, CVX, FUN, and LISTA.
Overview of New Trading Pairs
On July 28, 2023, cryptocurrency exchange Binance announced that starting July 29 at 08:00 (UTC), several new trading pairs would be launched. The list includes:
* BANANAS31/TRY – a memecoin on BNB Chain * LISTA DAO – an open-source decentralized stablecoin lending protocol * Convex Finance (CVX) – a DeFi protocol * FUNToken (FUN) – a digital asset on Ethereum created to transform online gaming and DeFi.
Price Dynamics of Assets
Following Binance's announcement of new trading pairs, the prices of BANANAS31, CVX, FUN, and LISTA showed an uptick.
* BANANAS31: market cap increased from over $64 million to over $67 million, with a price surge of nearly 4%. * CVX: experienced price volatility jumping from $5.4 to over $5.6, with a market cap exceeding $553 million. * FUN: the token price exceeded $0.01, with a market cap of over $1136 million. * LISTA: the asset rose by more than 14% in the last 24 hours, trading above $0.33, with a market cap of more than $71 million.
Binance Trading Bot Services
On July 28, Binance also announced the launch of trading bot services for new trading pairs, which will be available starting July 29 at 08:00 (UTC). These services include Spot Algo Orders for trading pairs: BANANAS31/TRY, CVX/USDC, FUN/USDC, and LISTA/USDC, alongside Spot Grid and Spot DCA functionalities for BCH/USDC and SPK/USDC.
Binance's announcement regarding new trading pairs is generating interest in new digital assets and services. The price dynamics of the assets have shown a positive market response to the exchange's initiatives.
