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Expansion of Trading Options on Binance

May 30, 2024

In a strategic move to broaden its range of trading opportunities, Binance, the prominent cryptocurrency exchange globally, has revealed the introduction of two new trading pairs: NEAR/BRL and NOT/USDC. This unveiling signifies a notable expansion in Binance's trading choices, catering to a diverse array of global investors and traders.

The NEAR/BRL pair merges the native token of NEAR Protocol with the Brazilian Real, bridging the gap between cutting-edge blockchain technology and one of South America's major fiat currencies. The recent surge in popularity of Near, the native cryptocurrency of NEAR Protocol, renders this pairing a timely inclusion in Binance's offerings.

Conversely, the NOT/USDC pair introduces the Notcoin token paired with the U.S. Dollar Coin (USDC), a stablecoin pegged to the value of the U.S. dollar. NOT serves as the native cryptocurrency of Notcoin, which originated as a trending Telegram game that onboarded numerous users into Web3 through a tap-to-earn mining mechanism.

According to an official announcement on Binance's blog, the trading of NEAR/BRL and NOT/USDC pairs on Binance Spot will commence on May 30 at 3:00 p.m. (UTC). Furthermore, Binance will activate Trading Bot services for these pairs on the same date.

The incorporation of NEAR/BRL and NOT/USDC trading pairs on Binance not only bolsters liquidity for these tokens but also enhances accessibility for traders interested in engaging with these projects. By presenting trading pairs denominated in fiat and stablecoins, Binance simplifies the trading process and diminishes entry barriers.

Binance's choice to introduce these trading pairs is poised to diversify the array of trading options available on Binance Spot, enriching users' trading encounters. The positive response from the market was evident as the Notcoin price surged by 24% in the past 24 hours following the listing news, reaching $0.01175.

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