Binance Announced Changes: These Altcoins Felt the Impact
Main Idea
Binance is adding new trading pairs and enabling trading bot services for several cryptocurrencies, while some assets experience price volatility.
Key Points
1. Binance Spot will include new trading pairs CVX/USDC, FUN/USDC, and LISTA/USDC, available from July 29.
2. Trading bot services will also be enabled for CVX/USDC, FUN/USDC, LISTA/USDC, BCH/USDC, and SPK/USDC on the same day.
3. Lista DAO (LISTA) spiked by 22% daily, while Convex Finance (CVX) dropped 8%, Spark (SPK) fell 6%, and Fun Token (FUN) also declined.
4. Binance recently added new loanable assets like Official Trump (TRUMP), Sonic (S), and others, with some experiencing price drops afterward.
5. Binance removed the Seed Tag from meme coins like Bonk (BONK), Pepe (PEPE), and Pudgy Penguins (PENGU) last week.
Description
TL;DR Binance continues to adjust its spot trading program in response to market trends and to enhance user experience. Interestingly, some cryptocurrencies that received additional support saw a price pullback instead. More Pairs Added The world’s largest cryptocurrency exchange announced it will expand the list of trading pairs offered on Binance Spot by including CVX/USDC, FUN/USDC, and LISTA/USDC. They will become available to users on July 29. On the same day, the company will also enable t...
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