The world’s largest cryptocurrency exchange, Binance, announced that it will add a new altcoin to the list of cryptocurrencies it listed on the second day of the new month. Binance will list Pyth Network (PYTH), the largest and fastest-growing first-party oracle network.
Binance Lists Pyth Network’s PYTH Token
The giant cryptocurrency exchange Binance recently announced that it will include Pyth Network’s PYTH token in its list of listed altcoins. Accordingly, the cryptocurrency exchange will open PYTH for trading on the spot market today at 15:00 TRT. Initially, trading for PYTH will be available in PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY trading pairs.
In preparation for the listing, Binance has already started accepting deposits of PYTH. Withdrawals of PYTH will commence on February 3rd at 15:00 TRT.
On the other hand, Binance’s listing announcement sent the altcoin’s price soaring. PYTH’s price increased by 31.86% shortly after the announcement. According to CoinMarketCap data, it is currently trading at $0.537.
What is Pyth Network (PYTH)?
Pyth Network is the largest and fastest-growing first-party oracle network. Pyth Network provides real-time market data to over 40 blockchain decentralized applications (dApps) and offers more than 380 low-latency price feeds in cryptocurrencies, stocks, ETFs, foreign exchange pairs, and commodities.
The network includes contributions to its own price data from some of the world’s largest exchanges, market makers, and financial service providers. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets, and more. Pyth Network’s oracle program collects and consolidates data on-chain to protect against errors and manipulation, allowing users to “pull” the latest price onto the blockchain when needed.
