Binance Lists ETHFI, MEME, and PYTH Among 7 New FDUSD Trading Pairs
binance, the world’s largest cryptocurrency exchange, has announced plans to introduce new FDUSD trading pairs for both cross-margined and isolated-margined trading. The exchange will list a variety of cryptocurrencies, including ALT (Altlayer), ETHFI (Ether.fi), IO (io.net), MEME (Memecoin), PYTH (pyth network), TNSR (Tensor), and TAO (Bittensor). This announcement, made on June 28, has sparked interest in the crypto community, with many speculating about potential price increases for these tokens following the FDUSD listings.
Details of New Trading Pairs
Binance’s official announcement outlined the features of the new FDUSD cross and isolated margin trading pairs. Users can now trade FDUSD pairs with Memecoin, ETHFI, Pyth, Bittensor, Altlayer, Tensor, and IO. The new trading pairs are the same for both cross margin and isolated margin trading: ALT/FDUSD, ETHFI/FDUSD, IO/FDUSD, MEME/FDUSD, PYTH/FDUSD, TNSR/FDUSD, and TAO/FDUSD.
As an added incentive, Binance is offering zero-fee trading on FDUSD pairs, with the exact terms depending on users’ VIP levels. The exchange stated that the move aims to improve user trading experience by expanding trading options, allowing for greater portfolio diversification and more flexible trading strategies.
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Market Impact and Price Movements
The announcement coincided with positive price action for the listed tokens, with these cryptocurrencies experiencing gains ranging from 1% to 6% in the 24 hours following the news.
Memecoin (MEME) traded at $0.01978, up 4.97%, with 24-hour volume at $34.1 Million. Ether.fi (ETHFI) rose 5.69% to $3.34 and $121 Million in volume. Pyth Network (PYTH) had the biggest increase of 6.21% and was traded at $0.326 on volume of $65.1 Million.
IO.net (IO) saw the least price gains among the selected coins, rising 1.23% to $3.49 on $183.3 million in volume. This bullish trend is in line with the broader altcoin rally that followed Bitcoin’s recent price surge earlier this week. Bitcoin itself was trading at $61,476.59, up 1.18% over 24 hours, on $24 billion in trading volume.
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