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- The world’s largest cryptocurrency exchange, Binance, announced on Wednesday that it is launching new spot trading pairs and Trading Bots services for some crypto trading pairs.
- In an official announcement on December 13, Binance outlined a zero-fee trading plan for the SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD pairs.
- While the SHIB price increased by 1% within an hour, it still dropped by 4% in the last 24 hours. The price is currently trading at $0.00000934.
The world’s largest cryptocurrency exchange, Binance, announced today that it has initiated a campaign for three altcoins: Here are the details!
Binance Exchange Launches Campaign for 3 Altcoins
The world’s largest cryptocurrency exchange, Binance, announced on Wednesday that it is launching new spot trading pairs and Trading Bots services for some crypto trading pairs. The cryptocurrency exchange is planning to start zero-fee trading for cryptocurrencies like Shiba Inu (SHIB), Injective (INJ), and The Sandbox (SAND). Traders did not immediately respond to the announcement.
In an official announcement on December 13, Binance outlined a zero-fee trading plan for the SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD pairs. Binance users will be exempt from maker fees for the SHIB/FDUSD, INJ/FDUSD, and SAND/FDUSD pairs starting from December 14.
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Additionally, Binance will open trading for new spot trading pairs such as FIDA/TRY, IOTA/TRY, and MEME/ETH on December 14 at 08:00 UTC. Crypto pairs against the Turkish lira (TRY) have seen significant trading volumes in the past few months, accompanied by rising inflation in the country.
Furthermore, Binance will enable Trading Bots services for BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs. Users can activate Spot Grid, Spot DCA & Rebalancing Bots for the mentioned pairs on December 14.
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While the SHIB price increased by 1% within an hour, it still dropped by 4% in the last 24 hours. The price is currently trading at $0.00000934. The 24-hour low and high values are $0.00000922 and $0.00000975, respectively. Additionally, the trading volume has decreased by 18% in the last 24 hours, indicating reduced interest among traders. INJ and SAND prices are more than 6% lower than $24.43 and $0.48, respectively. INJ saw an over 40% rise in a week, while SAND gained 10% in a week. However, the tokens are experiencing a decline while waiting for today’s Fed interest rate decision.
Binance Listing Provides Significant Support
Being listed on Binance has provided significant support for crypto projects, bringing some upward momentum to the respective tokens. On December 5, Binance announced the initiation of zero-fee trading for cryptocurrencies, including Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK).
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Binance also plans to distribute a crypto pool worth $500,000, including BTC, ETH, BNB, SHIB, and other cryptocurrencies, by conducting a swap using the newly launched Web3 Wallet.
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