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Leading cryptocurrency exchange Binance has expanded its support for HIVE, IDEX, and TLM cryptocurrencies. This expansion led to an immediate increase in the prices of these altcoins.
Announcement of HIVE, IDEX, and TLM
Binance introduced six new trading pairs for HIVE, IDEX, and TLM. The pairs include HIVE/FDUSD, HIVE/USDC, IDEX/FDUSD, IDEX/USDC, TLM/FDUSD, and TLM/USDC, which will be available on December 13, 2024, at 8:00 UTC. The exchange also integrated trading bots that provide automated trading solutions for these pairs.
Binance’s actions are not limited to merely adding new pairs; the exchange aims to enhance user experience. Participants trading in USDC pairs can benefit from a promotional advantage allowing them to share in a pool of 100,000 USDC. Additionally, the platform charges no fees for USDC spot trading pairs, making the new offerings more attractive.
This development reinforces Binance’s impact on the market. With advanced tools like promotions and trading bots, the exchange maintains its leading position in increasing asset liquidity and supporting user participation.
Volatility Warning
Following Binance’s announcement, the prices of HIVE, IDEX, and TLM showed an upward trend today. HIVE’s price rose over 14%, trading at $0.34, reaching a 24-hour high of $0.3556 after recent gains. IDEX saw an approximate 5% increase, trading at $0.074, while Alien Worlds (TLM) experienced nearly an 11% rise, reaching $0.0191.
The price increases indicate a growing interest from users in these assets due to Binance’s expanded offerings. Additionally, ongoing trading on the platform may contribute to further price rises in the future. However, due to the high volatility of these assets, investors are advised to proceed with caution.
