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Binance, one of the world’s largest cryptocurrency exchanges, regularly adds new tokens and projects to its platform. These listings can offer profitable investment opportunities for traders and investors looking to diversify their portfolios.
Staying informed about upcoming Binance listings could be a good investment strategy for investors looking to profit significantly in 2024.
Let’s find out the upcoming Binance listings that you should keep an eye on this year.
Upcoming Binance Listings and Delisting to Watch in 2024
In an official announcement on July 31, Binance revealed its plans to list several key tokens in USDC trading pairs on cross and isolated margins. The new pairs include JTO/USDC, LDO/USDC, STX/USDC, EOS/USDC, and CKB/USDC. The exchange also added other pairs like MANTA/USDC, OMNI/USDC, and PIXEL/USDC.
These additions are part of Binance Margin’s continuous efforts to expand its trading choices, allowing users greater diversification of their portfolios and more flexibility with trading strategies. This is also seen as a strategy to reduce the load on bigger coins like BTC and ETH and to minimize the risk involved in trading.
Moreover, on August 2, 2024, Binance will delist several spot trading pairs, including ADA/TUSD, AEVO/BNB, AST/BTC, and MANTA/BNB. However, the tokens will still be available for trading in other pairs on Binance Spot.
Investors Brace for Impact
The market reacted swiftly to the announcement, with notable price movements in several newly listed tokens. Jito (JTO) saw a 4% increase, with its price reaching $3.33. The token’s 24-hour low and high were recorded at $3.07 and $3.35, respectively, though its trading volume decreased by 23% in the same period. Jito’s future open interests also recorded a substantial rise, increasing by over 17% in the last four hours.
Following the announcement, Lido DAO (LDO) and Stacks (STX) experienced a 3% price increase. The buying interest primarily came from futures traders, with Lido DAO and Stacks futures each seeing a 3% rise in the last four hours. The major buying activity occurred on Binance and Bybit exchanges, although traders remain cautious ahead of the US Federal Reserve’s rate decision.
Other tokens, such as EOS, Nervous Network (CKB), MANTA, PIXEL, and OMNI, also saw slight rebounds in their prices. Despite these increases, these tokens continue to face market pressures and have yet to see a substantial recovery.
Additional Updates
In a related development, Binance announced the inclusion of Render (RENDER) in its loanable assets products. The exchange recently listed Render following its migration from the Ethereum blockchain to the Solana blockchain.
This inclusion is part of Binance’s ongoing efforts to offer its users a wider range of assets and opportunities.