- Binance, strategically taking a step to benefit from the booming cryptocurrency market, has announced the addition of new trading pairs.
- Binance, a leading cryptocurrency exchange, has once again drawn attention with its latest announcement about trading pairs.
- Significantly, users will not incur fees for FDUSD trading pairs for a specific period, providing an attractive incentive for active traders.
Binance, the world’s leading cryptocurrency exchange, announced the new spot parities it will add on Monday: Here are the parity details!
Binance Adds New Spot Pairs
The world’s leading cryptocurrency exchange, Binance, strategically takes a step to benefit from the booming cryptocurrency market by announcing the addition of new trading pairs, including the expected spot trading pair LUNC/TRY. This announcement comes as Terra Classic (LUNC) values have experienced a notable increase, seeing an impressive surge in the last 24 hours.
Let’s take a closer look at the details of Binance’s recent moves and their significant impacts on the Terra Luna Classic community. Binance, as a pioneering cryptocurrency exchange, has once again drawn attention with its latest announcement about trading pairs. Meanwhile, the addition of spot trading pairs AUCTION/FDUSD, IOTA/FDUSD, LUNC/TRY, and SUPER/TRY, scheduled to start on December 5, 2023, is part of this announcement.
Importantly, users will not incur fees for FDUSD trading pairs for a specific period, providing an attractive incentive for active traders. Meanwhile, the focus on Terra Classic (LUNC) cryptocurrency stems from its significant surge in value in the past 24 hours. This increase follows Binance’s decision to burn nearly 4 billion LUNC tokens during the 16th burning mechanism party last week.
According to previous reports, the total LUNC burn carried out by Binance impressively amounted to 43 billion tokens, constituting 52% of the total tokens burned by the Terra Luna Classic community. Significantly, this strategic move not only strengthened the scarcity of LUNC tokens but also increased the cryptocurrency’s value and created a ripple effect in the market.
Other Recent Developments and LUNC Price
Interestingly, Binance’s recent entry into the USTC perpetual contract arena has added another complexity to the unfolding story. Binance surprised the crypto community on November 27 by announcing the launch of a perpetual contract containing USTC, offering leverage of up to 50x.
Simultaneously with this announcement, there was an unexpected increase in TerraClassicUSD (USTC) and Terra Classic (LUNC) prices. The USTC perpetual trading was initiated on the same date and led to an increase in trading volume for both LUNC and USTC.
As Binance continues to make strategic moves, the cryptocurrency market eagerly awaits the impact of these revolutionary decisions. The listing of LUNC, the recent burning mechanism, and the launch of USTC perpetual contracts underscore Binance’s commitment to innovation and its significant influence in shaping the dynamics of the ever-evolving crypto landscape.
Meanwhile, at the time of writing, the LUNC price has surged by 57.41% in the last 24 hours, reaching $0.000264, and the trading volume has increased by 217.22% to $1.23 billion. Notably, the cryptocurrency hit an annual high of $0.0002738 in the last 24 hours. With its recent surge, the LUNC price has risen by over 125% in the past seven days and nearly 309% in the last 30 days.
