introduction

Binance, the world’s leading cryptocurrency exchange, recently announced the launch of a new FDUSD trading pair to facilitate cross-margin trading and segregated margin trading. This move not only attracted widespread attention from the cryptocurrency community, but also drove a significant increase in the price of related tokens.

New trading pair details

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Binance plans to list a variety of cryptocurrencies, including ALT (Altlayer), ETHFI (Ether.fi), IO (io.net), MEME (Memecoin), PYTH (Pyth Network), TNSR (Tensor), and TAO (Bittensor). Users can trade between FDUSD and these tokens, covering cross margin and isolated margin trading.

ALT（Altlayer）：

As an innovative platform, Altlayer focuses on improving the scalability and performance of blockchain. Its architecture is designed to support efficient and secure application development. With the launch of the FDUSD trading pair, Altlayer is expected to attract more investors and increase its visibility in the market.

ETHFI（Ether.fi）：

Ether.fi is a decentralized financial platform that focuses on providing a variety of financial services within the Ethereum ecosystem. With the new trading pair with FDUSD, ETHFI provides more investment options and is expected to attract more trading activities and user participation.

IO（io.net）:

io.net aims to provide efficient network solutions and is committed to improving the connectivity of the Internet. Through transactions with FDUSD, IO can expand its market influence and provide more users with efficient network service options.

MEME（Memecoin）:

Memecoin is a community-driven token project known for its fun and strong community support. The new trading pairs will bring more trading opportunities to MEME, which is expected to further drive up its price.

PYTH (Pyth Network):

Pyth Network is a decentralized data oracle network focused on providing high-precision financial data. The trading pair with FDUSD will help Pyth Network expand its user base and strengthen its position in the blockchain market.

TNSR（Tensor）:

Tensor is a high-performance computing platform that aims to improve computing efficiency through blockchain technology. The trading pair with FDUSD will provide TNSR with greater market exposure and attract more attention from investors and developers.

TAO（Bittensor）:

Bittensor focuses on decentralized artificial intelligence networks, aiming to improve the efficiency and security of AI through blockchain technology. Through transactions with FDUSD, TAO will be able to attract more researchers and developers to participate and promote the further development of AI technology.

Zero-fee trading incentives

To encourage users to actively participate in trading, Binance offers zero-fee trading on FDUSD trading pairs, with specific terms depending on the user's VIP level. This incentive is designed to enhance the user's trading experience by expanding trading options, enabling greater portfolio diversification, and more flexible trading strategies.

Market Impact and Price Changes

Following the announcement, the prices of the relevant tokens saw positive movement. Within 24 hours after the news was released, the gains of these cryptocurrencies ranged from 1% to 6%. Among them:

  • Memecoin (MEME) is up 4.97% and is trading at $0.01978 with a 24-hour trading volume of $34.1 million.

  • Ether.fi (ETHFI) rose 5.69% to $3.34 with a trading volume of $121 million.

  • Pyth Network (PYTH) saw the largest gain of 6.21% and is trading at $0.326 with a trading volume of $65.1 million.

  • IO.net (IO) was the smallest gainer, rising 1.23% to $3.49 on a trading volume of $183.3 million.

The upward trend of these tokens is in line with the overall performance of the altcoin market, which began to follow the price of Bitcoin earlier this week.

Bitcoin's market performance

Meanwhile, Bitcoin is currently trading at $60,730, up 1.18% in 24 hours with a trading volume of $24 billion. Bitcoin’s rise has injected confidence into the altcoin market, further boosting the overall market’s positive sentiment.

in conclusion:

Binance’s new trading pairs and its zero-fee trading policy have significantly increased user engagement and driven price increases for related tokens. As the market continues to evolve, investors should pay close attention to the performance of these tokens in order to seize potential opportunities in future transactions. This announcement not only provides users with more trading options, but also injects new vitality into the market, showing the broad prospects of the cryptocurrency field.