As the cryptocurrency market shows signs of a bullish trend, Binance, the world’s largest crypto exchange, has announced the futures listing of two altcoins. With Bitcoin surpassing $105,000 and major altcoins following suit, this move by Binance is set to capture traders’ attention.
Binance Futures Expands with VINE and PIPPIN Listings
In a recent announcement, Binance revealed the addition of two new perpetual contracts: VINE/USDT and PIPPIN/USDT, both offering leverage of up to 25x. The launch times for these contracts are as follows:
- VINE/USDT Perpetual Contract: January 24, 2025, at 10:00 AM UTC.
- PIPPIN/USDT Perpetual Contract: January 24, 2025, at 10:15 AM UTC.
This expansion is part of Binance’s ongoing efforts to enhance its trading offerings and provide users with more diversified options. In their official statement, Binance emphasized their commitment to improving the trading experience for all users.
Market Reaction to VINE and PIPPIN Listings
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The announcement had a significant impact on the price and trading volume of VINE. Following the news, VINE’s price surged from $0.1377 to $0.2847 within hours, marking an impressive daily gain of over 412%. Despite some retracement, the token continues to trade at elevated levels, with its current price at $0.2312. VINE’s trading volume also skyrocketed, seeing a massive 406% increase, reflecting heightened interest from traders.
On the other hand, PIPPIN has struggled to gain momentum. While the token showed minor recovery, it remains in the red, trading at a daily loss of over 9%. PIPPIN’s trading volume also declined by approximately 23%, signaling a lack of significant investor interest compared to VINE.
A Bullish Atmosphere in the Crypto Market
The positive sentiment in the market is further bolstered by regulatory developments, including the repeal of SAB 121 by the SEC, which had been seen as a hurdle for the crypto industry. The improving outlook, combined with Binance’s strategic listings, highlights the growing optimism in the sector.
Conclusion
As Binance continues to innovate and expand its offerings, the listing of VINE and PIPPIN perpetual contracts underscores the exchange’s role in shaping market trends. While VINE has captured significant attention with its price surge, PIPPIN’s performance remains subdued. Investors and traders will be watching closely to see how these tokens fare in the volatile futures market.
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