BinanceAs a pioneering player in the cryptocurrency exchange industry, it attracted attention again with its latest announcement. This time the announcement includes adding support for certain cryptocurrencies.
According to the latest announcement, Binance has announced several transactions, including notable names such as Internet Computer (ICP), Omni Network (OMNI), Pepe Coin (PEPE), Ontology (ONT), and Yield Guild Games (YGG). cryptocurrency will increase its support to the unit.
In particular, Binance announced plans to introduce new trading pairs and trading bot services for these assets, raising expectations among investors. This move, which is scheduled to take effect on April 24, 2024, has caused debate about possible market impacts.
With this update, the launch of new trading pairs such as ICP/USDC, OMNI/USDC, ONT/USDC, PEPE/BRL, and YGG/TRY and the introduction of Trading Bots services, Binance continues its efforts to expand its range of services and improve user experience. This step also reflects Binance’s desire to act actively against changing market dynamics.
By facilitating the trading of these assets, the exchange aims to meet the diverse needs of users and take a leading position in the competitive crypto exchange environment.
The cryptocurrency market is known for its volatility and sensitivity to market developments, and Binance’s latest move is fueled by speculation. In the past, such announcements by major exchanges have often triggered price rallies in the crypto market.
In this context, market participants are looking for a potential increase in the prices of newly supported assets. This sentiment has been further strengthened by signs of increased institutional interest and market traction in these assets, especially after Coinbase announced that it was listing Pepe Coin perpetual futures on its platform.
Meanwhile, after Binance’s announcement, the price of Pepe Coin increased by 4.59% to $0.000006712, while its one-day trading volume increased by 10.91% to $1 billion. On the other hand, at the same time, OMNI’s price decreased by 7.20% to $24.34, while its transaction volume decreased by 13% to $68.50 million.
