Exchanges Announce New Cryptocurrency Listings Impacting Market Prices

Cryptocurrency exchanges are ramping up their listing announcements. Coinbase and Binance are competing to make announcements. Furthermore, the recent surge in BTC prices significantly affects the market impact of these listings.

December 12 Altcoin Listings

Binance has just announced that it will close pre-market transactions for USUAL and will list it on spot markets. Binance will list the USUAL/BTC, USUAL/USDT, USUAL/FDUSD, and USUAL/TRY pairs. After the announcement, the price initially rose by 6% but has since returned to its original level.

Coinbase Global has announced that it will list MOODENG, ALGO, SAND, and MOG Coin for futures trading in the coming hours. The recent liquidation of $1.7 billion highlighted the strong demand for futures, demonstrating the need for cautiousness among investors in a volatile environment with high-leverage positions.

Amid these listing announcements, the ETH price has surpassed $3,925, generating excitement among altcoin investors. If new highs above $4,000 are reached, it seems likely that double-digit gains will spread across altcoins.