Leading cryptocurrency exchange Binance recently announced that it will be adding a new altcoin to its list of tradable assets. Accordingly, Binance is preparing to initiate trading for Jupiter (JUP).
Binance to List Jupiter (JUP)
The major cryptocurrency exchange Binance recently announced that it will list the native asset of Jupiter, JUP, with the “Seed” label. Trading operations for JUP on Binance Spot will start today at 18:30 local time with JUP/USDT, JUP/FDUSD, and JUP/TRY trading pairs. Binance users can start depositing JUP to prepare for trading the altcoin. JUP withdrawals will begin on February 1st at 18:30 local time.
In addition to listing JUP on the spot market, Binance will also list the JUP/USDT trading pair on Isolated Margin within the next 48 hours. With this listing, JUP will become a borrowable asset in Isolated Margin.
The cryptocurrency exchange’s listing announcement caused JUP’s price to skyrocket. According to current data, the price of the altcoin has risen by 57.12% in the last 24 hours to $0.01255. The price increase was accompanied by a significant increase in trading volume, which rose by 96% to $2.36 million.
What is Jupiter (JUP)?
Jupiter is a decentralized finance (DeFi) protocol offered on the Solana Blockchain, providing features such as decentralized exchange (DEX) aggregation, limit orders, Dollar-Cost Averaging (DCA), bridge comparison, and futures.
JUP token is issued to serve various purposes such as paying transaction fees and participating in governance, acting as the native asset of Jupiter.
