The cryptocurrency market is struggling to gain new momentum. Bitcoin, the leading crypto, has reached up to $59,000, but is having difficulty moving forward. In the altcoin market, the outlook is a bit mixed. In this atmosphere, the giant crypto exchange Binance made important announcements, including the list for 6 altcoins. Of these, a token added to its futures list took flight.
Binance added new pairs for 4 altcoins!
As you follow on Kriptokoin.com, crypto exchanges continue to expand their lists. Especially the list news of Binance, the world’s largest exchange, attracts attention. The giant crypto exchange announced in its latest announcement that it will add AAVE/USDC, STMX/TRY, SUN/TRY and TRX/USDC spot trading pairs to its list on September 4, 2024 at 16:00. The news of the listing had a positive impact on some token prices. In this context, AAVE increased by more than 7% on its daily chart. STMX saw a 4.5% rise.
Binance will launch the FLUX perpetual contract
The cryptocurrency exchange also announced that it will add a token to its list on the futures market with up to 75x leverage. In this context, Binance made the following announcement:
Dear Binance users, Binance Futures will launch the FLUXUSDT Perpetual Contract with up to 75x leverage on 03.09.2024 at 10:00 a.m. PT to expand the trading options offered on Binance Futures and enhance users’ trading experience.
Following the news of Binance’s listing, the price of FLUX made a vertical ascent. The altcoin’s price jumped from $ 0546 to $ 0.715 during the day. The token was still flying at press time. At the time of writing, FLUX was trading at $0.66, up 23.4% on the day. Meanwhile, the token’s trading volume has also seen a phenomenal 274% increase. This shows the interest of investors and traders in the token.
Crypto exchange adds TON to Simple Earn locked products
According to Binance’s official announcement on September 3rd, the exchange’s Simple Earn section is adding Toncoin to locked products. Additionally, CEX reinforced the user appeal by stating, “Earn APR rewards of up to 5.9%* by completing TON subscriptions on Simple Earn Locked Products during the Promotion Period.” Binance added that subscriptions must take place between September 3 at 13:00 PT and September 23 at 12:59 PT for guaranteed eligibility. Moreover, the subscription format set by the crypto exchange is on a first-come, first-served basis. Moreover, the minimum subscription amount, maximum subscription limits and duration requirements will affect the APR a user will receive. The exchange will distribute rewards on a daily basis.
Later on, Binance released a list of products being offered as part of the aforementioned announcement. Locking TON for 30 days offers a standard APR of 1.20%, while during the promotional period it is 2.59%. The exchange set the minimum subscription limit at 0.1 TON and the maximum at 50,000 TON. At the same time, locking for a period of 60 days offers users a standard APR of 1.90%, while during the promotional period it is 3.9%. The minimum subscription for this feature is 0.1 token, while the maximum is 20,000 tokens. Finally, the lockdown for 90 days will offer users a standard APR of 3.90%, while the promotional period will offer 5.9%. The minimum subscription limit is 0.1 token, while the maximum is 200 tokens.
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