Binance Announces Listing of a New Altcoin, Price Rises!

Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements without slowing down.

At this point, Binance announced that it will list the altcoin named Pyth Network (PYTH) with the seed tag and will start trading for spot trading pairs as of 02.02.2024 12:00 UTC.

#Binance will list @PythNetwork $PYTH with Seed Tag applied.

👉 https://t.co/a1MYNiAKbA pic.twitter.com/wzU5eOJPq7

— Binance (@binance) February 2, 2024

“New Spot Trading Pairs Listed: PYTH/BTC, PYTH/USDT, PYTH/FDUSD and PYTH/TRY

Users can now start depositing PYTH in preparation for trading.

Withdrawal will be opened as of 03.02.2024 12:00 UTC.

PYTH Listing Fee: 0 BNB.

PYTH is a relatively new token that poses higher than normal risk and therefore will likely be subject to high price fluctuations. Please ensure that you have implemented adequate risk management, done your own research on the fundamentals of PYTH, and fully understand the project before choosing to trade the token.

Seed Tag represents an innovative project that may exhibit higher volatility and risks compared to other listed tokens. Therefore, the Seed Label will be applied to PYTH.”

After this news, PYTH price started to rise.

Binanca had previously announced that it would launch PYTH in futures trading with up to 50x leverage.

*This is not investment advice.