spot_imgspot_imgspot_img

Binance Exchange Adds New Pairs for SOL, ADA, XRP, MATIC, and Other Altcoins!

  • The world’s largest crypto exchange, Binance, announced on Wednesday that it would list USDC pairs for a range of cryptocurrencies on Binance Spot.
  • This move coincides with a period where the exchange aims to discontinue BUSD support and expand its support for various stablecoins.
  • In October, Binance announced its support for the native USDC stablecoin on the Polygon blockchain network.

Binance, the world’s largest crypto exchange, announces pairs for altcoins: Which coins have been added to the list?

Binance Exchange Announces Pairs for Altcoins

Binance

On Wednesday, the world’s largest crypto exchange, Binance, announced that it would list USDC pairs for a range of cryptocurrencies on Binance Spot. Binance plans to add new spot trading pairs for significant cryptos such as Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC). Users can start trading these new spot pairs on December 28.

On December 27, in an official announcement, Binance revealed new spot trading pairs against Circle’s USD Coin (USDC). This move coincides with the exchange’s goal of discontinuing BUSD support and expanding its support for various stablecoins.

Binance will list major crypto spot pairs such as ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC, and XRP/USDC. The crypto exchange is starting with the most popular coins in the market, which currently have significant trading activity.

In October, Binance announced its support for the native USDC stablecoin on the Polygon blockchain network. The exchange also stated that it would soon enable deposits and withdrawals for USDC. In mid-2022, Binance announced it would discontinue its support for various stablecoins, including USDC. Instead, the top exchange would prefer its own token, BUSD, for stablecoin-based transactions. However, regulatory challenges for BUSD by the SEC forced Binance to discontinue BUSD support.

Earlier, COINOTAG reported that Binance added cross-margin pairs such as ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT.

Status of Altcoins

SOL experienced a drop of over 1% in the last 24 hours, and its current price is $112.23. The 24-hour low and high values are $104.73 and $116.90, respectively. XRP’s price increased by almost 1% to $0.624 after the announcement. The 24-hour low and high values are $0.608 and $0.631. However, the trading volume has slightly decreased in the last 24 hours. Other cryptocurrencies like Cardano, Avalanche, Polkadot, and Polygon have seen an increase in prices. MATIC’s price surged over 20% to $1.07.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.

Jeff Bezos Sparks Bitcoin Investment Rumors: A New High-Profile Player?

The cryptocurrency community is abuzz with speculation that Amazon founder Jeff Bezos could be making a significant move into Bitcoin, following a series of financial maneuvers and a high-profile meeting with Michael Saylor.

Solana Trader’s Astounding 4,530x Return on WIF Ignites Crypto Community Buzz

A Solana trader's incredible return on investment with dogwifhat (WIF) captivates the crypto world, spotlighting the high-reward potential of meme coins within the Solana ecosystem.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.