Binance, the world’s leading cryptocurrency exchange, added Bittensor (TAO) token to its list today. This move set off a wave of anticipation in the cryptocurrency community. Soon, futures good news came from Binance, this time for TAO. The listing news of the stock exchange pushed the token price considerably north.
Binance lists TAO on the futures market!
‘cryptokoin.com’As you follow from, Binance listed Bittensor (TAO) on the spot market today. Following this development, the token price saw a strong increase. In a recent development, Binance publicly announced its decision to list Bittensor (TAO) in futures. In this context, the stock exchange made the following announcement:
Binance is excited to announce the addition of Bittensor (TAO) to Binance Simple Earn and Binance Convert. In addition, Binance will add TAO to Binance Margin, Binance Futures, and Binance Auto-Trade on April 11 at 17:30 UTC, April 1 at 17:30 UTC, and April 12 at 13:00 UTC, respectively.
Considering Bittensor’s role as a pioneering peer-to-peer machine learning protocol, the significance of this move is no exaggeration. Fundamentally changing the artificial intelligence platform development environment, Bittensor achieves this success by decentralizing the entire process.
Binance lists TAO on spot in 4 trading pairs
Binance’s announcement regarding the listing of TAO is accompanied by important details regarding trading pairs and schedule. Binance launched its trading service on select spot trading pairs such as TAO/BTC, TAO/USDT, TAO/FDUSD and TAO/TRY, starting at 15:00 UTC on April 11. This app provides investors with various options to interact with the TAO token.
Additionally, users who wish to participate in TAO trading can begin depositing the token in preparation for upcoming trading sessions. Withdrawals will begin on April 12 at 15:00 CET. Meanwhile, Binance has waived the listing fee for TAO. This decision of the exchange underlines its commitment to supporting the token’s listing process and increasing liquidity in the market.
TAO price performance
Binance’s listing of TAO on spot and futures has triggered a potential increase in the token’s value. This has therefore sparked a fervent sense of optimism among investors. Past events show that tokens often experience significant price fluctuations following Binance listing. Therefore, there has also been an increase in speculation regarding TAO’s future price trajectory. TAO rose up to $735 during the day after the spot listing announcement. After this, he experienced some altitude loss. However, the futures direction turned north again with the listing announcement. At the time of writing, TAO was trading at $709, up nearly 18% on a daily basis.
The token has witnessed a significant increase of over 15% in the last seven days. Meanwhile, 24-hour trading volume increased 365% to approximately $335 million. This indicates continued interest and potential bullish sentiment among investors. Additionally, Binance further raises expectations for its performance following its listing.
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