Cryptocurrency exchange Binance announced that it has listed Ronin (RON) today and will start trading at 16:30 ET. The listing includes four new spot trading pairs: RON/BTC, RON/USDT, RON/FDUSD and RON/TRY. Users can now start depositing RON to prepare for trading. However, withdrawals will begin on February 6, 2024 at 16:30 CET. However, the listing news came with mixed signals for the RON token. According to Coinglass data, RON was the leading cryptocurrency in terms of liquidations on February 5. Because within an hour, a staggering $424,000 was liquidated. This indicates significant volatility and potential risk around the asset. Here are the details…
Binance listed that altcoin
Cryptocurrency exchange Binance announced today that Ronin (RON) has been listed and trading will begin at 16:30 EST. The list includes four new spot trading pairs: RON/BTC, RON/USDT, RON/FDUSD and RON/TRY. While users can currently deposit RON in preparation for trading, withdrawals will begin on February 6, 2024 at 16:30 UTC. However, with the listing news came mixed signals for the RON token. According to Coinglass data, RON was the leading cryptocurrency in terms of liquidations on February 5, with a staggering $424,000 worth of currency liquidated in a single hour. This brings to mind the significant volatility and potential risk surrounding the asset.
The situation was further complicated by the sharp reaction of the RON price to the Binance listing announcement. OKX market data showed a rapid decline to $2.8, erasing all gains made in the previous two days. This followed a period of consistent price increases; In fact, RON reached over $3.48 on February 5, an increase of 12%. Contradictory developments present a confusing landscape for potential RON investors. While Binance’s listing means wider adoption and increased liquidity, the recent crash and significant liquidations raise concerns about stability and potential risks. This highlights the importance of thorough research and risk management before starting any cryptocurrency trading.
Purge leader
As a result, Binance is listing Ronin (RON) with four new spot trading pairs. Deposits will open immediately and transactions will begin on February 5 at 16:30 CET. But RON is experiencing great price fluctuation. Because after the listing announcement, it dropped from $ 3.48 to $ 2.8. As a result of the decline, RON is the leader in liquidations with a loss of $ 424,000 in one hour. This shows the complex nature of the cryptocurrency market. In general, users need to be aware of market volatility.
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