New trading pairs will be available on Binance Spot on December 24.
It was recently announced that five new trading pairs are about to become available to customers.
The coming addition
The exchange revealed that it will open trading of ADA/USD1, ASTER/USD1, LUNA/USDC, LUNC/USDC and ZEC/USD1 on Binance Spot on December 24. The platform will also enable Trading Bots services for the same pairs on that day.
It clarified that users will receive a discount on all existing and new USDC spot and margin trading pairs until further notice. However, the company warned that the upcoming services will not be available to all customers as customers living in Canada, Cuba, Iran, Netherlands, US and other countries are excluded.
Support from Binance generally has a positive effect on the prices of the affected digital assets. After all, this is the largest crypto exchange, and its support leads to more liquidity, better visibility, and better reputation. Cardano’s ADA is up 4% in the last 24 hours and is currently trading around $0.37, while Aster (ASTER) is up 3.5% today and is worth $0.72.
Terra (LUNA) has outperformed all the tokens involved in the listing, with a daily gain of 13%, while Terra Luna Classic (LUNC) and Zcash (ZEC) have posted more modest gains.
It is important to note that the overall resurgence of the crypto market may also have played a role in the solid performance of the above-mentioned assets. Bitcoin (BTC) recently surpassed $90,000, while Ethereum (ETH) reclaimed the psychological $3,000 level.
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The opposite reaction to delisting
Binance also periodically removes certain trading pairs and even all trading services with some cryptocurrencies due to factors such as low trading volume and liquidity, compromised network stability and security, and others.
In those cases, the delisted assets typically experience a significant decline. In September this year, the exchange ended all services with BakerySwap (BAKE), Hifi Finance (HIFI) and Self Chain (SLF). The result was a double-digit loss for the altcoins involved just hours after the announcement.
Something similar happened in October when Binance delisted Flamingo (FLM), Kadena (KDA) and Perpetual Protocol (PERP). KDA suffered the biggest blow: its valuation fell by 30% after the announcement.
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