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Binance to Launch New Spot Trading Pairs for AAVE, DOGE, MATIC, NEAR, and TON

Binance to Launch New Spot Trading Pairs for AAVE, DOGE, MATIC, NEAR, and TON

Binance, the world’s largest crypto exchange by market cap, has made an important announcement concerning certain cryptocurrencies including Aave (AAVE), Dogecoin (DOGE), Polygon (MATIC), Near Protocol (NEAR), and Toncoin (TON). The exchange informed that it will introduce new trading pairs as well as new trading bot services for the aforementioned cryptocurrencies. Below are the details of the latest update.

Binance to Extends Support for Several Tokens

Today, August 21, Binance issued a formal release announcing the introduction of new trading pairs and trading bot services for the listed coins. The release states that starting August 22 at 8:00 UTC, the exchange will start spot trading for the cryptocurrency pairs AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC.

Additionally, on the same day, the exchange will make trading bot services available for a variety of coins. According to the statement, spot Grid and spot DCA services will be offered for BANANA/USDT, BTC/EUR, BTC/TRY, LISTA/USDT, TAO/USDT, and TON/USDT. What is more, rebalancing bot services for TON/USDT, LISTA/USDT, TAO/USDT, and BANANA/USDT will start.

Furthermore, Binance disclosed that beginning on August 22, spot Algo orders would be accepted for the AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC pairings. Notably, fiat currencies like EUR, TRY, and JPY provide better customer appeal on the platform in a variety of international trade zones.

Coins Price Reactions Amid Announcement

The aforementioned tokens, meanwhile, saw varied price movements today, igniting speculation among investors worldwide. Over the previous day, the price of Dogecoin decreased by 1.00% to $0.1039, while the price of TON decreased by 1.17% to $6.72.

On the other hand, AAVE’s price increased by 6.62% to $135.76 today. At the same time, the value of MATIC increased by 7.50% to $0.47. In addition, NEAR’s price spiked by 0.18% over the previous day to settle at $4.09.

Interestingly, a LookonChain report suggests that whales are excessively hoarding AAVE, amassing around $8 million in coins. This and Binance’s statement have increased the asset’s excitement.

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