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Binance, recently announced that it will include RONIN, the native asset of the EVM Blockchain designed specifically for games, among the altcoins it has listed. Accordingly, the cryptocurrency exchange will start trading the altcoin today. Following Binance’s announcement, the price of RONIN fell significantly.
Binance Lists Ronin (RONIN)
The major cryptocurrency exchange Binance recently announced that it will list RONIN, the native asset of the Ronin Blockchain. According to the listing announcement, trading of the altcoin will start today at 16:30 TRT. RONIN’s listing will be available in the spot market with RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY trading pairs.
Binance has initiated RONIN deposit transactions for users who want to prepare for trading. RONIN withdrawal transactions will start on February 6th at 16:30 TRT.
Altcoin’s Price Drops After Listing Announcement
Interestingly, Binance’s announcement to list RONIN led to a decrease in the altcoin’s price. According to CoinMarketCap data, RONIN, which was trading around $3.50 before the listing announcement, dropped to $3.02 after the announcement, marking a decline of approximately 15%.
Normally, the announcement of an altcoin being listed on a major cryptocurrency exchange like Binance is known to positively affect the price and push it upwards. The opposite trend in RONIN’s case is noteworthy, while the reason for this remains unclear.
