The world’s largest cryptocurrency exchange Binance announced that it will list a new crypto asset. Binance announced that it will list Pyth Network (PYTH) and open trading for these spot trading pairs on 02/02/2024.
Koinfinans.com As we reported, the giant exchange Binance recently announced that it will include Pyth Network’s PYTH token in the list of listed altcoins. Accordingly, the cryptocurrency exchange will open PYTH for trading in the spot market at 15:00 today. Initially, trading for PYTH will be available in PYTH/BTC, PYTH/USDT, PYTH/FDUSD and PYTH/TRY trading pairs.
Users can now start depositing PYTH to prepare for trading. Additionally, PYTH withdrawals will begin at 15:00 on February 3.
In addition, after the listing announcement of the giant stock exchange altcoinThere was an increase in the price of . Shortly after the announcement, the price of PYTH increased by 31.86%. According to data, it is currently trading at $0.537.
Binance;
PYTH is a relatively new token that carries higher than normal risk. Therefore, it will likely be subject to high price volatility. Please ensure that you have implemented adequate risk management, done your own research on the fundamentals of PYTH, and fully understand the project before choosing to trade the token.
he stated.
What is Pyth Network (PYTH)?
Pyth Network is a decentralized first-party financial oracle that delivers real-time market data on-chain securely and transparently without third-party intermediaries.
Recognizing the difficulty of defining a “true” price for assets traded on various platforms, each with different participants and liquidity profiles, Pyth Network addresses this using confidence intervals. This approach goes beyond the limitations of a single price point and provides a more realistic representation of the market and current liquidity conditions.
Seed Tag represents an innovative project that may exhibit higher volatility and risk compared to other listed tokens.