Traders and holders of the popular cryptocurrencies XRP and Solana (SOL) should pay attention to important information from the major cryptocurrency exchange Binance.
Traders and holders of the popular cryptocurrencies XRP and Solana (SOL) should pay attention to important information from the major cryptocurrency exchange Binance.
At the end of 2023, binance stated in an announcement that it would launch USDC-margined perpetual contracts for BTC, ETH, BNB, SOL, and XRP on a target date of January 3.
However, given the volatility that rocked the market, leading to large cryptocurrency price drops, Binance Futures announced that the launch of USDC-margined perpetual contracts had been postponed, with a new date announced on January 4.
According to Binance, the trading start time for USDC-margined BTC, ETH, BNB, SOL, and XRP perpetual contracts has been delayed due to market volatility and to provide a pleasant trading experience to consumers.
Binance said it will launch the USDC-margined BTC perpetual contract on January 4 at 12:30 UTC, followed by the USDC-margined SOL, XRP, ETH, and BNB perpetual contracts every five minutes thereafter.
The cryptocurrency industry started the year 2024 on a high note, with Bitcoin approaching the $46,000 price mark.
XRP and Solana also had strong starts to the year, reaching highs of $0.639 and $117, respectively, on January 2.
However, the tide turned as bears hit the market: A drop in Bitcoin on Wednesday erased nearly all the gains it had made in the early days of this year, snapping a long-running rally that overcame a global malaise in traditional assets. .
Other assets sank along with Bitcoin, which marked its 15th year since mining its first block on January 3, 2009.
On Wednesday, XRP fell as much as 11%, while Solana’s SOL fell almost 20%. Both XRP and Solana have fallen by 9.63% and 8.93% in the previous 24 hours, respectively, to trade at $98.65 and $0.578, respectively.