In order to increase trading volume in the crypto world and provide users with more options, leading exchanges continue to list new trading pairs. Platforms such as Binance, Bitrue, BTSE, MEXC, HashKey, and BVOX aim to strengthen the user experience by launching new trading pairs on popular altcoin projects. In particular, the listings of cryptocurrencies such as ACT, PNUT, ALT, and SWELL attract great attention among investors.
Binance lists new altcoin pairs
In order to expand trading options on Binance Spot and improve users’ trading experiences, the exchange made an announcement. The exchange will launch trading on ACT/FDUSD, ACT/USDC, NEIRO/USDC, PNUT/BTC, PNUT/FDUSD, and PNUT/USDC trading pairs on November 15, 2024 at 11:00 UTC. Additionally, Binance will enable Trading Bot services for the following trading pairs on November 15, 2024 at 08:00 UTC:
- ACT/FDUSD, ACT/USDC, NEIRO/USDC, PNUT/BTC, PNUT/FDUSD, and PNUT/USDC.
Bithumb lists 2 altcoins
Today, AltLayer (ALT) and Swell Network (SWELL) will start trading on the KRW market. The Korean Won market is supported for both altcoins. It is also stated that deposits made through the Ethereum network will be accepted. Deposits made from other networks are not supported. The deposit and withdrawal process will start 2 hours after the announcement.
What were the other listings?
Today, many other cryptocurrency exchanges announced that they will list in addition to Binance and Bithumb. First of all, Bitrue will list the FRED (CTO) (FRED/USDT) trading pair on Solana at 13:00 CET. On the other hand, BTSE will list the Happy Cat (HAPPY/USDT) trading pair at 11:00 UTC. MEXC listed the Monkey Taken By Police (JORGIE/USDT) trading pair at 08:00 UTC. On the other hand, HashKey listed the Peanut the Squirrel (PNUT/USDT) and Act I The AI Prophecy (ACT/USDT) trading pairs at 11:00 UTC. BVOX listed the Keyboard Cat (KEYCAT/USDT) and Strategic Bitcoin Reserve (SBR/USDT) trading pairs during the night. BitMart will add the Ducky (DUCKY/USDT) trading pair to the lists at 13:00 UTC. Finally, OKX announced that it will launch spot trading for ACT.
Listings on exchanges increase the accessibility of crypto assets, providing significant opportunities for investors and contributing to the development of projects. First of all, when a cryptocurrency is listed on an exchange, investors have easier access to this asset. This increases trading volume and liquidity, so investors can buy and sell faster and at more reasonable prices. Liquidity helps stabilize asset prices, reducing sudden price fluctuations. Being listed on major exchanges allows the project to reach a large user base. An altcoin listed on global exchanges such as Binance and Coinbase can reach millions of investors worldwide. This is a great advantage in attracting new investors, especially for small projects.
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