Binance has always been under the watchful eye of investors due to its history of listing and delisting announcements. Following the recent RONIN scandal, the company’s co-founder Yi He made a clear statement that paved the way for renewed trust in the exchange. The listing of DYM last night had drawn all attention to the exchange. Today, the exchange made a new move.
Dymension Futures Listing
Last night, after being listed and causing a splash in the market, Dymension (DYM) saw a swift move by Binance. Binance announced that Dymension (DYM) would be added to margin and Futures trading. One of the most notable aspects was that the listing fee was 0 BNB.
The announcement was as follows:
Dear Binancians,
Binance will list Dymension (DYM) and open trading for these spot trading pairs at 2024-02-06 15:00 (UTC).
New Spot Trading Pairs: DYM/BTC, DYM/USDT, DYM/FDUSD, and DYM/TRY.
Users can now start depositing DYM in preparation for trading.
Withdrawals will be opened at 2024-02-07 15:00 (UTC).
DYM Listing Fee: 0 BNB.
Current Status of DYM
Things seem to be going well for DYM after the listing. In the last 24 hours, the price of DYM continued to rise, trading at $5.25 with a 31.5% increase.
During this period, DYM’s market cap also saw a 32% increase, rising to $770 million. The 24-hour trading volume was at a daunting level. The volume created since the altcoin started trading has already surpassed $400 million.
While it is unknown where DYM will reach in the coming days, some users shared their earnings. In these shares, there were users who had made gains over $20,000. Now, the question in the market is what investors will do with their tokens. While some users prefer to sell right away, others indicate they are considering staking.
