PEPE, SOL, ETH receive strong support from Binance, will the price rise?
Binance announced major updates for cryptocurrencies such as Ethereum, Solana, and Pepe Coin. Notably, the news sparked speculation that these assets could rise.
Usually, positive comments from major cryptocurrency exchanges tend to push up asset prices, while negative comments have the opposite effect. So, let's take a closer look at the statement and see how cryptocurrencies perform in this event.
Binance Enhances Support for PEPE, SOL, ETH
According to the latest announcement, Binance has launched new trading pairs and trading robot services. Starting from July 18, 2024, it will open trading for BNX/TRY and ETH/ARS pairs. In addition, the exchange will offer zero market maker fees for the ETH/ARS pair for an unspecified period of time to attract more traders.
The move is aimed at expanding trading options and enhancing user experience. In addition, the leading cryptocurrency exchange has enabled trading robot services for multiple pairs of currencies. Spot grid and spot DCA robots will be available for BNB/USDC, PEPE/USDC, and SOL/USDC.
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The inclusion of Ethereum (ETH), Solana (SOL), and Pepe Coin (PEPE) in these updates is particularly noteworthy. These assets have a large number of followers and are closely watched by investors. It is worth noting that the ETH/ARS trading pair may see a surge in trading volume under its zero Maker fee promotion.
