In a significant expansion of its cryptocurrency offering, Binance, the world’s leading cryptocurrency exchange, has announced the addition of three new trading pairs to its extensive list of cryptocurrencies.
In a significant expansion of its cryptocurrency offering, Binance, the world’s leading cryptocurrency exchange, has announced the addition of three new trading pairs to its extensive list of cryptocurrencies.
Binance has announced the listing of three new pairs of MultiversX (EGLD), Phoenix (PHB) and Reserve Rights (RSR) denominated in fiat currency, the Turkish lira (TRY). This move marks a strategic embrace of Turkey’s burgeoning crypto market and reflects Binance’s commitment to meeting the diverse needs of its global user base.
in a blog post, Binance says it will open trading for the EGLD/TRY, PHB/TRY and RSR/TRY trading pairs on May 8, 2024, at 8:00 am (UTC) to expand the list of trading options offered on Binance Spot and Also improve users’ trading experience. Binance will also enable Trading Bots services for the aforementioned trading pairs on the same date.
The announcement comes as the Turkish lira (TRY) has seen a surge in cryptocurrency trading volume, emerging as a dominant fiat trading pair on Binance in Q4 2023. The addition of these new pairs is expected to solidify further this trend, offering Turkish traders more flexibility and direct access to the crypto market without the need for intermediary currency conversions.
In a move that is likely to be welcomed by traders, Binance’s latest listings are an important step forward for the exchange and its users, as they reflect the platform’s continued efforts to innovate and provide a wide range of trading options, strengthening its position as dominant. player in the field of cryptocurrency exchange.
As the public anticipates the trading of these pairs, the crypto community is set to witness the impact of these additions on market dynamics.
