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Binance, still positioned as the world’s largest exchange by volume, announced on Friday that it has further expanded its offerings by adding BONK trading to Binance Convert, informing market participants. This new development comes in the midst of an already intense demand for the meme coin, following the crypto exchange’s announcement that it has listed BONK with three new pairs.
Binance’s New BONK Initiative
According to an announcement made by Binance in the past few hours, Binance Convert is now adding Bonk (BONK) to its services. This latest move by Binance has expanded the services offered to users who want to capitalize on the significant increase in BONK prices.
To briefly describe Binance Convert, it can be defined as a tool that allows users to easily buy and sell crypto. It supports a wide variety of assets and more than a thousand pairs, including fiat currencies. Users can use this application even for token conversions as low as 1 dollar.
According to the announcement, users can now convert BTC, USDT, and all other tokens supported by Convert to BONK without any fee payment.
Additionally, Binance users will be able to purchase BONK tied to the Binance Automatic Investment feature through existing payment options. It was also indicated that this application will start as of 19 December 00:00 UTC.
Furthermore, Binance launched new spot trading pairs in Bonk to meet the high demand. These include BONK/USDT, BONK/FDUSD, and BONK/TRY. Users will be able to buy BONE meme coins in these trading pairs starting from 16 December 08:00 UTC.
Current Status of BONK Prices
The BONK price has risen over 100% in the last 24 hours, currently trading at a level of $0.0000263. The low and high prices seen by the altcoin in 24 hours were $0.0000141 and $0.0000341, respectively.
Additionally, there was a noticeable increase in trading volume, attracting the attention of market participants with an increase of approximately 400% in the last 24 hours. The overall market capitalization of BONK continues to stay above 1 billion dollars with a 90% increase.
