The cryptocurrency world continues to see a flurry of activity, with an increase in new token listings across various platforms, with both established exchanges like Binance and Coinbase making waves. Here is a breakdown of some important developments…
Binance lists new contracts
Leading crypto derivatives exchange Binance Futures announced three new perpetual futures contracts. It is expanding trading options with the launch of these contracts: ENAUSDT, ETHFIUSDT and 1000BONKUSDT. These contracts will be published at specific times on May 2, 2024 (07:00 UTC, 07:15 UTC and 07:30 UTC respectively) and will offer users up to 50x leverage. This move appeals to investors who want greater exposure to underlying assets, with the added risk associated with leveraged positions.
In other news, Binance Futures Copy Trading has added two new USDⓈ-M contracts: ENAUSDT and WIFUSDT to increase the participation of newcomers to the crypto trading space. Starting at 09:00 UTC, April 30, 2024, users can now take advantage of this feature to automatically copy the portfolio allocations of experienced investors. This system allows novice investors to learn from experienced professionals. It then allows them to potentially develop their own trading strategies over time.
Coinbase adds QCAD to roadmap, price rises
cryptokoin.com As we reported, an announcement came from Coinbase, the major US-based crypto exchange. Conbase has added QCAD (QCAD) to its asset valuation list. The announcement, made via Twitter on April 29, 2024, indicates Coinbase’s interest in potentially listing this token on their platform in the future. This news caused a significant price increase for QCAD; DexTools data revealed a whopping 523% increase, pushing the price to $4.58.
Altcoin listing storm on multiple exchanges
The past 24 hours have witnessed a significant number of token listings on various cryptocurrency exchanges. Here’s a quick snapshot of some of the notable entries:
- BitMart: Britt (BRITT/USDT), BlackCardCoin (BCCOIN/USDT), SNORT (SNORT/USDT)
- Bitget: KATT DADDY (KATT/USDT), GPTVerse (GPTV/USDT)
- MEXC: LunarStorm (LUST/USDT), All Street Bets (BETS/USDT), GPTVerse (GPTV/USDT), Renzo (REZ/USDT)
- KuCoin: Kamino (KMNO/USDT), Renzo (REZ/USDT)
- Bybit: Zentry (ZENT)
- LBank: Renzo (REZ/USDT)
- Gate.io: Renzo (REZ/USDT)
- OKX: RSIC•GENESIS•RUNE (RUNE/USDT)
- Bitkub: Ethena (ENA)
This influx of new listings highlights the continued growth and dynamism in the cryptocurrency ecosystem. It is important to remember that these are often relatively new projects and investors should conduct thorough research before committing any funds. Overall, the cryptocurrency market continues to evolve rapidly, with established players introducing new features and a constant stream of new tokens vying for investors’ attention. As always, staying informed and vigilant is crucial to navigating this ever-changing environment.
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