Binance Lists Trending Crypto Ahead of Market Rebound

Trending coins Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, and Nervous Network (CKB) have been added to USDC pairs by cryptocurrency exchange Binance.

Key Takeaways:

• Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, Nervous Network (CKB), and USDC pairs are listed on Binance.
• The action is a reaction to Binance Margin’s efforts to improve user trading.
• The announcement was followed by a comeback for JTO, LDO, and STX.

Monday, Binance, the biggest cryptocurrency exchange in the world, said that it will list several popular cryptocurrencies on its cross and isolated margin USDC trading pairs. The cryptocurrency exchange is planning to add several important tokens, including Jito (JTO), Nervous Network (CKB), Stacks (STX), Lido DAO (LDO), and EOS. The tokens’ prices quickly recovered as a result of the positive reaction from traders.

Binance Expands USDC Pairs with New Cryptocurrency

In a formal announcement made public on July 31, cryptocurrency exchange Binance disclosed their intention to incorporate new cryptocurrencies into USDC trading pairs on both cross and isolation margin.

The following cryptocurrency pairings are now available on the exchange: CKB/USDC, EOS/USDC, IO/USDC, JTO/USDC, LDO/USDC, MANTA/USDC, OMNI/USDC, PIXEL/USDC, and STX/USDC. Traders will have immediate access to these cryptocurrency pairings following the release.

“Binance Margin is committed to improving the trading experience for our users. We are always looking for ways to add more trading options to our platform, so users can diversify their portfolios and trade strategies however they like,” the exchange stated.

The cryptocurrency exchange has also announced the addition of Render (RENDER) to its list of loanable assets. Following the token’s transfer from the Ethereum to the Solana blockchain, the exchange now added Render to its list of available tokens.

Crypto Tokens See A Minor Recovery

At its current price of $3.33, JTO had a 4% surge following the news of its listing on Binance. There was a low of $3.07 and a high of $3.35 in the past 24 hours. The trade volume has also dropped 23% during the past day. Open interest in Jito futures has surged by more than 17% in the last four hours, marking a dramatic spike over the preceding 24 hours.

The price of STX and LDO both increased by 3% in the past several hours. Futures traders drove the purchase, as both the overall Lido DAO and Stacks futures experienced a 3% increase in the past four hours. Traders are being cautious in the lead-up to the US Federal Reserve rate announcement, however Binance and Bybit exchanges saw the bulk of the buying.

Even though they are still under pressure, EOS, CKB, MANTA, PIXEL, and OMNI all managed to make a little comeback.