Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has added a new altcoin. The exchange mentioned this altcoin in the announcement for the Innovation Category, where it lists projects that can be seen as new and “risky”. Here are the details…
Binance lists RDNT
Binance has announced that it will list Radiant Capital (RDNT) in the Innovation Category. This means that users of the popular cryptocurrency exchange can now start depositing RDNT in preparation for trading, which will officially begin on March 30 at 10:30am UK time. Spot trading pairs for RDNT include RDNT/BTC, RDNT/USDT and RDNT/TUSD. The listing fee for RDNT will be 0 BNB.
In addition to being added as a spot trading pair, RDNT will become a new loanable asset on Binance’s isolated margin platform. This will allow traders to use RDNT as collateral when leveraging these RDNT/USDT margin pairs.
RDNT price rises
cryptocoin.com As we have also reported, Radiant Capital is a decentralized omnichain money market protocol. This means that users can deposit their collateral on one of the main chains and borrow from another chain, making it a versatile and flexible platform for trading cryptocurrencies. RDNT is a utility token for liquidity mining and governance on the Radiant Capital platform. With the news that it was listed on Binance, RDNT saw a value increase of up to 30 percent.
The cryptocurrency managed to rise from $0.33 to $0.44. The coin is changing hands at $0.432 at the time of writing. RDNT is a crypto that recorded its all-time high on March 20, 2023. RDNT broke the record by reaching $0.49 on March 20. Time will tell if Binance will renew this record with its listing. The coin’s sharp rise can also be clearly seen on the 24-hour chart above.
The Innovation Category is a special trading zone on Binance where new and innovative tokens can be listed. This gives traders access to the latest technologies and investment opportunities. However, it is important to note that the Innovation Category carries higher risks than other trading zones on Binance, and traders are advised to be cautious when trading in this area. Overall, the addition of Radiant Capital to the Binance platform is an exciting development for the cryptocurrency community. It also highlights the growing importance of decentralized money market protocols in the cryptocurrency space, while providing new opportunities for traders to invest and trade.
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