How Binance Listing Fueled a 30% Surge in This Altcoin

2024-3-2 22:00

AXL, the Axelar Network’s native token, has recently taken center stage. This Web3 interoperability platform’s token saw its value surge by over 30% after Binance, a leading global crypto exchange, announced it would list AXL.

This event has sparked significant interest among traders and investors worldwide.

Trader Made Over $56,000 After AXL Listing on Binance

Binance’s decision to list AXL, introducing trading pairs such as AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY, marks a pivotal moment for the token. Trading commenced on March 1 at 11:00 UTC, with withdrawals opening the following day. Furthermore, Binance tagged AXL as a “seed” token, acknowledging its inherent volatility.

The implications of Binance’s listing have been profound for the broader cryptocurrency market. Historically, tokens listed on Binance have witnessed considerable price volatility, and AXL’s case is no exception. The token’s price trajectory has been upward, with derivatives data suggesting a bullish outlook among traders.

Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?

Axelar (AXL) Price Performance. Source: BeInCrypto

This enthusiasm was further fueled by a trader’s swift gain of $56,000 from trading AXL post-announcement, highlighting the lucrative opportunities presented by such market movements. The trader’s ability to capitalize on the token’s price rally underscores the high-stakes nature of crypto trading, where timing and market sentiment play crucial roles.

“This trader quickly spent 500,000 USDT to buy AXL 1 minute after Binance announced the listing of AXL. Then he sold AXL immediately and got 556,000 USDT. He made 56,000 USDT in only 8 minutes,” Lookonchain elaborated.

The listing of AXL comes at a time when Binance is actively expanding its trading options, with the recent inclusion of other tokens such as Dymension (DYM), Pyth Network (PYTH), and the launch of the USDC-margined ORDI Perpetual Contract. These developments reflect the exchange’s strategy to leverage the ongoing bull market to increase trading revenue.

Read more: 7 Best Binance Alternatives in 2024

Interestingly, this listing follows Binance’s recent removal of several tokens, including Monero (XMR), due to changing standards and compliance requirements. Along with Monero, Binance delisted Aragon (ANT), Multichain (MULTI), and Vai (VAI).

The post How Binance Listing Fueled a 30% Surge in This Altcoin appeared first on BeInCrypto.

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Источник: beincrypto.com

binance listing → Результатов: 126


Фото:

Криптобиржа Binance рассказала о новых претендентах на листинг

В листинг американского подразделения популярной биржи цифровых активов Binance могут попасть 30 криптовалют. Информация об этом была опубликована в аккаунте проекта. Here is a peek into some of the exciting developments coming soon for #Binance US.

2019-8-12 17:43


Binance рассказала, какие криптоактивы могут попасть в листинг американского подразделения

Криптовалютная биржа Binance опубликовала перечень из 30 криптоактивов, рассматриваемых для включения в листинг американского подразделения — Binance US. Here is a peek into some of the exciting developments coming soon for #Binance US.

2019-8-10 20:19


Фото:

Binance отправит на благотворительность все платежи за листинг новых токенов

Крупнейшая на данный момент в мире по суточному объему торгов криптобиржа Binance объявила, что раскроет все листинговые платежи и будет их полностью отправлять на благотворительность. Согласно сообщению в блоге компании, команды проектов, желающие, чтобы их токен был перечислен на бирже, по-прежнему смогут предлагать свою “плату за листинг”, которую теперь уместнее называть “пожертвованием”. Binance не будет устанавливать […]

2018-10-8 15:42


Биткоин-биржа Binance намерена жертвовать комиссии за листинг на благотворительность

Ведущая по суточному объему торгов криптовалютная биржа Binance сообщила, что будет направлять все комиссии за листинг новых токенов на финансирование благотворительных инициатив. #Binance Listing Fee Update: Starting immediately, and going forward, Binance will make all listing fees transparent and donate 100% of them to charity.

2018-10-8 14:17


Binance обвинили во лжи касательно платы за листинг

В прошлом месяце генеральный директор крупнейшей криптовалютной биржи Binance Чанпэн Джао заявил о том, что его компания никогда не берёт деньги за добавление новых монет. Однако несколько дней назад эту информацию поставили под сомнение.

2018-8-12 12:29


CEO Binance: мы не добавим «шиткоины» в листинг даже за 4000 BTC

На днях в соцсети Twitter разгорелась небольшая перепалка между сооснователем блокчейн-платформы Expanse Кристофером Франко и CEO биржи Binance Чанпеном Чжао. Предметом спора стала стоимость листинга на одной из ведущих криптовалютных бирж.

2018-8-12 11:48


Фото:

Binance and Neufund to Build First Decentralized Stock Exchange

In a joint venture to build the world’s first decentralized stock exchange, Binance partnered with Neufund and MSX — the recently launched subsidiary of the Malta Stock Exchange. Aiming to create the first “regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets”, the trio’s move marks Malta’s latest foray into […] The post Binance and Neufund to Build First Decentralized Stock Exchange appeared first on CryptoSlate.

2018-7-23 20:00


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