As the crypto market grapples with a wave of sell-offs, leading exchanges like Binance, Bithumb, and OKX continue to update their listings with significant announcements. Notably, two altcoins responded to these developments with remarkable price surges.
Binance Extends OMG Delisting Deadline
In a surprising turn of events, Binance has postponed the delisting of the OMG perpetual contract by a month. Initially slated for removal, Binance Futures announced the extension until January 31, 2025. Before the delisting, Binance will carry out automatic settlement of open positions. The exchange urged users to close their positions ahead of the deadline to avoid any inconvenience.
Here’s the official statement from Binance:
“Dear Binance Users, Binance Futures has postponed the delisting of the USDⓈ-M OMGUSDT Perpetual Contract to January 31, 2025, at 12:00 PM (UTC). Automatic settlement will be carried out before delisting. Users are advised to close their open positions to avoid automatic settlement. We apologize for the inconvenience and thank you for your understanding.”
Binance Launches New Quarterly Contracts
In addition to the OMG update, Binance announced the introduction of USDⓈ-M and COIN-M Quarterly 0627 Delivery Contracts. These will be listed shortly after the expiration of the existing 1227 contracts, scheduled for December 27, 2024, at 11:00 AM (UTC).
Bithumb Lists DeBridge (DBR), Price Skyrockets
Over in South Korea, Bithumb has added DeBridge (DBR) to its platform, pairing it with the Korean won (KRW). This strategic listing is expected to enhance liquidity and expand DeBridge’s user base in the region. The listing announcement sent DBR’s price soaring from $0.032 to $0.047, marking a staggering 27% increase within a day. At the time of writing, DBR is trading at $0.043.
OKX Adds FARTCOIN and AI16Z, FARTCOIN Sees Notable Gains
Meanwhile, OKX introduced two new altcoins to its perpetual futures trading: FARTCOIN and AI16Z. The announcement was particularly favorable for FARTCOIN, which registered a 17% daily gain despite the bearish market sentiment. OKX shared the following details:
“We are excited to announce the launch of USDT-margined perpetual futures for FARTCOIN and AI16Z. FARTCOIN/USDT trading will open on December 20, 2024, at 07:15 AM (UTC), followed by AI16Z/USDT trading at 07:30 AM (UTC).”
Key Takeaways
Binance extends the OMG perpetual contract delisting to January 31, 2025.
Binance launches new USDⓈ-M and COIN-M quarterly contracts.
Bithumb’s listing of DeBridge (DBR) leads to a 27% price surge.
OKX lists FARTCOIN and AI16Z, with FARTCOIN gaining 17%.
According to The Bit Journal, these updates underline the dynamic nature of crypto exchanges and their influence on token prices. Investors are advised to monitor such developments closely to capitalize on market movements.
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