Binance, one of the world’s leading cryptocurrency exchanges, announced the listing of Neutron (NTRN), an altcoin. NTRN is a project that offers unique features for cross-chain applications and decentralized finance (DeFi) dApps. This listing will open new trading opportunities for cryptocurrency enthusiasts and traders.
Binance lists a new altcoin
Binance will make Neutron (NTRN) available for spot trading starting at 15:00 ET on October 10, 2023. This development allows users to trade NTRN against these popular cryptocurrencies, increasing the liquidity and accessibility of NTRN in the market. In preparation for the trading launch, users can deposit NTRN into their Binance accounts. This gives investors the opportunity to ensure that they have sufficient funds to participate in NTRN trading as soon as it becomes available. The following trading pairs will be opened for trading:
- NTRN/BTC
- NTRN/USDT
- NTRN/BNB
Withdrawals for NTRN will begin on October 11, 2023 at 15:00 CET. This means users will have the flexibility to move their NTRN tokens to other wallets or platforms as needed. Within 48 hours from the listing date, Binance will also introduce NTRN as a borrowable asset on the Isolated Margin trading platform. The new margin pair NTRN/USDT will offer margin traders additional options to maximize their trading strategies.
Neutron price jumps
Neutron (NTRN) is an innovative token that allows developers to create cross-chain applications using the Inter-Blockchain Communication Protocol (IBC). Additionally, it increases the security and functionality of DeFi projects by providing DeFi dApps with the full economic security of Cosmos Hub. It is important to note that NTRN is a relatively new token and therefore may cause higher price volatility. Users should be careful and do thorough research on the basics of NTRN. It is recommended that they fully understand the project before starting trading activities.
NTRN will be labeled with the “Seed Label”, indicating its innovative nature and higher volatility and risk potential compared to other tokens. To gain trading access to tokens with Seed Tag, users must pass the relevant exams on Binance Spot and/or Binance Margin platforms every 90 days. Finally, the price of the cryptocurrency jumped following the said announcement. It recorded an increase of almost 50 percent. The coin managed to rise from $0.33 to $0.053. At the time of writing, it is changing hands at $0.52, an increase of 45.3 percent. The importance of the listing announcements of Binance, the largest cryptocurrency exchange, is once again understood.
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