Binance, the world’s largest Bitcoin and altcoin exchange by transaction volume, made a new announcement. According to the announcement, three new trading pairs will be listed on the exchange. Here are the details…
Binance adds 3 altcoin pairs to the platform
According to Binance’s latest announcement, the exchange has made new additions for three new trading pairs. According to their statements, the following crypto currency pairs will be traded as of September 9, 2022, 11 CEST:
- Ambrosus (AMB) / Binance USD (BUSD)
- Terra Luna Classic (LUNC) / Tether (USDT)
- Phoenix Global (PHB) / Binance USD (BUSD)
cryptocoin.com As we have also reported, AMB and PHB were already traded with Bitcoin (BTC) pair before. LUNC was trading for BUSD.
Prices are on the rise
While most likely independent of Binance’s announcement, Ambrosus is currently up over 120 percent. Ambrosus is a Blockchain-based ecosystem for industrial management of sensing devices, supply chains and smart cities. Open source for the world of developers, Ambrosus aims to pioneer secure, transparent and integrated data management in sectors of the global economy. Ambrosus Ecosystem combines blockchain with the internet of things (IoT), providing entrepreneurs, industries and businesses a framework to manage and share data securely and efficiently.
On the other hand, Phoenix Global is trading with a 54 percent increase. Phoenix Global (PHB) is a cryptocurrency. It runs on the BNB Smart Chain (BEP20) platform. Phoenix Global’s current supply is seen as 37,136,774.79. In addition, the last known price of Phoenix Global is $ 0.4062834.
Finally, LUNC is changing hands at $0.000053, with an increase of 52.33%. Luna Classic (LUNC) is the first native token of the Terra Blockchain, launched in August 2018. LUNC existed before the new chain hit the market. It works with the original code of the Terra ecosystem. The main function the native token performed was to absorb the price bias of the algorithmic stablecoin, UST. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand for the coin. In May 2022, the UST lost its steady and crashed. The UST stablecoin algorithm has created trillions of LUNA tokens. It fell into a hyperinflationary spiral and reduced the value of the original LUNA token by 99 percent.
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