The cryptocurrency world is buzzing with news of new listings and delistings. Coinbase has listed a new token, and Binance has announced the delisting of some trading pairs. These moves highlight the dynamic nature of the crypto market and the strategic decisions exchanges make in response to market conditions. Let’s dive deeper into these two major developments.
Coinbase Lists ZKsync (ZK)
Coinbase officially announced the listing of ZKsync (ZK), causing a stir in the crypto community. ZKsync is known for its use of Zero-Knowledge technology, making it a prominent Layer 2 network. Layer 2 solutions are designed to improve the scalability of main networks like Ethereum, offering faster and lower-cost transactions that attract a broad range of users. ZKsync has secured its position as a key player in this space.
Following the listing on Coinbase, ZK token surged by nearly 5%. This sudden rise reflects investors’ quick response to listing news. However, Coinbase also issued an important warning—only ZK tokens transferred via the ZKsync network are accepted. Using other networks could lead to lost funds. Such network compatibility alerts are crucial in helping investors avoid costly mistakes.
Binance Delists HOOK/BTC and PDA/BTC Trading Pairs
Meanwhile, Binance, one of the world’s largest crypto exchanges, has announced the delisting of several trading pairs as part of its regular market review process. The HOOK/BTC and PDA/BTC pairs will be removed from the platform on September 27, 2024. This move reflects Binance’s efforts to maintain liquidity and trading volume standards. The exchange frequently delists pairs with low liquidity or trading volume to create a more efficient trading environment. However, it’s important to note that the delisting only affects specific pairs; users can still trade HOOK and PDA against other assets on the platform.
Advertisement Banner
Binance also reminded users that spot trading bots linked to these delisted pairs will be deactivated on September 27. Investors are advised to update or cancel their bots to avoid potential losses, showcasing the proactive measures Binance takes to protect users.
8 Altcoins Listed Across Major Exchanges: Prices Surge!
The listing news doesn’t stop with Coinbase and Binance. On September 25, 2024, several new altcoins were listed across different exchanges, causing a surge in prices:
- Neiro (NEIRO) was listed on MEXC and BitMart with the NEIRO/USDT trading pair.
- Eigenpie (EGP) became available on Huobi, KuCoin, and MEXC, all offering the EGP/USDT pair.
- Unizen (ZCX) was listed on Bitget with the ZCX/USDT pair, broadening its reach to more investors.
- Moonwell (WELL) was listed on Crypto.com, offering multiple fiat pairings, including USD and EUR.
- Smoking Chicken Fish (SCF) launched on AscendEX with the SCF/USDT pair, quickly gaining attention as a notable project.
These listings have drawn significant attention and caused price spikes, highlighting the importance of listing news for altcoin investors.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
