- Today, the cryptocurrency market has started to show positive momentum again.
- Bitcoin has surpassed the $60,000 mark, pulling several altcoins along in its wake.
- Notable news includes Upbit’s decision to list two meme coins and Binance’s new offerings with significant leverage options.
An insight into the latest bullish trends in the crypto market, featuring developments from major exchanges like Binance and Upbit.
Major Exchanges Make Significant Announcements
Both Upbit and Binance have recently made announcements that have stirred the crypto community. Upbit revealed it would list BRETT and PEPE in its USDT market, while Binance announced the introduction of BRETT and VOXEL perpetual contracts with up to 50x leverage.
Upbit Expands Meme Coins Listing
South Korea’s leading crypto exchange, Upbit, has added BRETT and PEPE to its platform. The new listings included USDT trading pairs, with deposits available shortly after the announcement. Trading for these pairs opened on August 20, 2024, at 13:30 local time. This news led to a significant increase in PEPE’s value, which saw over a 10% rise within a day.
Binance Introduces High Leverage Options
Binance, the world’s largest cryptocurrency exchange, has further diversified its offerings by launching perpetual contracts for BRETTUSDT and VOXELUSDT with up to 50x leverage. This move aims to provide more trading opportunities and enhance the user experience. Following the announcement, BRETT’s price surged from $0.08 to $0.102, marking a substantial daily increase of over 33%. The increased trading volume reflects growing investor interest.
VOXEL Experiences Significant Price Surge
Similarly, after the introduction of VOXELUSDT perpetual contracts with leverage, VOXEL’s price saw a dramatic rise. Starting at $0.1415, the token’s value shot up to $0.27 within a short period. As of the latest update, the token is trading at $0.2605, demonstrating a daily increase of more than 78%. This surge is further validated by the over 13% rise in trading volume, indicative of rising interest from traders and investors.
Conclusion
The recent updates from Upbit and Binance have positively impacted market sentiment and token valuations. With these major exchanges continually enhancing their offerings, the cryptocurrency market is expected to see continued growth and increased trading activity. Investors and traders are advised to stay informed about these developments, as they present substantial opportunities while also bearing inherent risks associated with high leverage trading.
