Binance Introduces New Trading Pairs and Delists Others
On October 11, 2024, Binance, one of the leading cryptocurrency exchanges, is set to launch three new trading pairs – EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD for its spot and Trading Bot services. At the same time, Binance will be delisting four crypto pairs – APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI.
Binance's recent announcement highlights the expansion of its trading options with the introduction of these new pairs. The EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD pairs will be available on the Binance spot and Trading Bots services to enhance users’ trading experience.
The launch is scheduled for October 11, 2024, at 08:00 (UTC), following the introduction of NEIRO/BRL and NEIRO/EUR spot trading pairs by Binance nine days prior.
Exploring Binance Trading Bots Services and Eligibility
Binance's Trading Bots execute trades based on predefined criteria and strategies, providing users with a mechanism to trade without relying on emotional decision-making. However, the eligibility of users to trade the newly added pairs will be determined based on their location or region of residence.
Users residing in certain countries or regions, including Canada, Cuba, Iran, and the United States of America, among others, will not be able to trade the recently added spot trading pairs.
Market Reaction to Pepe, Neiro, and Sui
Following the announcement, the market reacted to the underlying assets, with Pepe experiencing a daily surge of 2.7% to trade at $0.00000942. Currently ranked as the 25th largest cryptocurrency, Pepe has a market cap of $3.9 billion and a holding address base of 286,606.
Meanwhile, Eigen saw an increase of 10% in the last 24 hours and 14% in the last seven days, reaching a trading price of $3.8. The 24-hour trading volume for Eigen stood at approximately $237 million.
Sui also demonstrated a strong reaction, with a daily surge of 5% reaching a trading price of $1.8. However, there was a 2.3% decrease in its daily trading volume, which amounted to $808 million.
On the other hand, Binance's native token, BNB, experienced a 0.44% decrease in the last 24 hours, with a daily trading volume of around $1.63 billion.
Earlier, on August 28, Binance launched new spot trading pairs and trading bot services for various Cryptocurrencies, including Pepe Coin, Ethereum, and Solana. The exchange also announced the delisting of four pairs, including APE/ETH, ATOM/BNB, BAL/BTC, and BNB/DAI, indicating its commitment to expanding its offerings and optimizing its trading environment.
