While the volatile market conditions in cryptocurrencies continue, Bitcoin’s price saw a clear drop today, falling to the $58,000 level and trading at around $58,300 at the time of writing. This situation also caused many altcoins to drop. Amid these market conditions, significant news came from the Binance exchange, which announced two new listings, drawing attention once again. The announcement showed how intensely exchanges are preparing for a potential bull season.
Binance Lists New Tokens
According to the announcement by Binance, Gravity (G) and SuperRare (RARE) will be supported with up to 50x leverage in leveraged trading and will be listed. The announcement stated that trading in the G/USDT pair will start on Thursday, August 8, 2024, at 15:30 Turkey time, while for RARE/USDT, trading will also start on August 8 but at 16:00.
The statement from the exchange was as follows:
Dear Binancians,
To expand the trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the GUSDT Perpetual Contract at 12:30 (UTC) on 2024-08-15 and the RAREUSDT Perpetual Contract at 13:00 (UTC) on 2024-08-15 with up to 50x leverage.
More details about these perpetual contracts can be found in the table below:
G and RARE Prices
Following the news, attention turned to the prices of G and RARE. Looking at Gravity (G) first, despite the negative outlook in the 24-hour price movement, it was seen that the price jumped from $0.038 to $0.03959 following the announcement.
For RARE, things were going well. The price remained in the positive zone contrary to the market, and after a 7% increase, it rose from $0.076 to $0.08688. It was also noted that RARE’s market volume reached $60 million following this rise, positioning it at 441st place.
