Binance, the world’s top crypto exchange, shared its plans this Monday. The exchange is adding more trading pairs for popular cryptocurrencies. They confirmed upcoming new pairs for TerraClassicUSD (USTC), Blur, dYdX, and SuperVerse.
Binance mainly focuses on USTC because of its impressive 200% price jump following the new launch of the USD-M USTC ongoing contract on Binance Futures. This contract provides up to 50x leverage.
An official announcement on Nov 29 revealed that Binance is gearing up to begin trading for TerraClassicUSD (USTC), Blur, dYdX, and SuperVerse. They will pair with FDUSD. This action is pertinent due to the recent uptick in interest for these cryptocurrencies.
Binance adds BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TRY spot trading pairs. Trading for these pairs will commence at 08:00 UTC on Nov 30. Users can benefit from zero maker fees on the mentioned cryptocurrencies, as Binance does not impose any maker fees for FDUSD pairs.
Furthermore, adding USTC to the Turkish lira (TRY) pair is likely to increase the trade amount for Terra Classic stablecoin. Info shows that those in Turkey are heavily involved in crypto trading due to high inflation rates in the country.
Binance Boost: LUNC & USTC Resilient Amid Market Flux
In the Terra Classic system, the tokens named USTC and LUNC bounced back after a decrease. It happened when Terraform Labs said they are not linked with Mint Cash. The cryptocurrency market itself is growing again. That’s helping increase the value of tokens in the Terra system even more.
LUNC’s value shot up 25% in one day, making a monthly jump of 85%. In the past day, LUNC hit a low of $0.0000921 and peaked at $0.0001243. Still, fewer people are trading. Its volume fell by 40% in 24 hours.
The price of USTC is currently at $0.045, reflecting a 10% increase over the past 24 hours. During this period, the 24-hour low and high were recorded at $0.0365 and $0.0457, respectively.
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