In a significant development for the cryptocurrency market, one of the largest crypto exchanges, Binance, announced it will list Axelar (AXL). Following the listing announcement, the price of AXL skyrocketed.
Details of the Axelar (AXL) Listing
The major cryptocurrency exchange Binance announced it will list Axelar’s AXL in trading pairs AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY. The listing will take place today at 14:30 local time. Binance users will have the opportunity to trade AXL against Bitcoin (BTC), Tether (USDT), FDUSD, and Turkish Lira (TRY).
Binance stated that the listing fee for AXL is set at 0 BNB, indicating the exchange’s support for the project’s growth and adoption within the crypto community.
Binance has initiated AXL deposit operations to prepare users for trading before it begins. Users can currently deposit AXL into the exchange. Withdrawal operations for AXL will open on March 2, 2024, at 14:30 local time.
AXL’s Price Skyrockets Following Listing Announcement
Following Binance’s listing announcement, AXL’s price has soared. According to CoinMarketCap, the altcoin‘s price has seen an increase of over 16% in the last 24 hours, trading at $1.79. The fact that AXL’s price was around $1.54 before the listing announcement indicates that the majority of the surge is due to the listing.
Axelar provides an interoperability infrastructure designed to connect various blockchains, assets, and applications. AXL serves as the native asset of this infrastructure, fulfilling many purposes.
