Binance Relists SOL, XRP, ADA, MATIC, And Other Crypto In USDC Spot Pairs

The world’s largest crypto exchange Binance on Wednesday said it is listing several crypto in USDC pairs on Binance Spot. Binance plans to add new spot trading pairs for major crypto including Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), and Polygon (MATIC). Users can start trading the new spot trading pairs at 08:00 UTC on December 12.

Binance Adds Major Crypto in USDC Pairs

Crypto exchange Binance in an official announcement on December 27 revealed new spot trading pairs against Circle’s USD Coin (USDC). The move comes as the crypto exchange looks to end BUSD support and expand support for multiple stablecoins.

Binance will list key crypto spot pairs such as ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC and XRP/USDC. The crypto exchange kicks off with the most popular coins on the market, which are currently experiencing a lot of trading activity.

In October, Binance announced bringing back support for native USDC stablecoin on the Polygon blockchain network. The exchange also said that it would soon open the deposits and withdrawals for USDC.

In mid-2022, Binance announced that it would discontinue support for various stablecoins including USDC. Instead, the top exchange will prefer its own token BUSD for stablecoin based transactions. However, the SEC-led crackdown of BUSD pushed Binance to end BUSD support.

Also Read: Hashdex Met SEC Chair Gary Gensler’s Office As Spot Bitcoin ETF Deadline Looms

CoinGape earlier reported that Binance has added ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, and POLS/USDT cross margin pairs.

SOL fell over 1% in the last 24 hours, with the price currently trading at $112.23. The 24-hour low and high are $104.73 and $116.90, respectively.

XRP price jumped nearly 1% to $0.624 after the announcement. The 24-hour low and high are $0.608 and $0.631, respectively. However, trading volume has decreased slightly in the last 24 hours.

Other crypto including Cardano, Avalanche, Polkadot, and Polygon prices also witnessing uptick. MATIC price has rallied over 20% to $1.07.

Also Read: XRP Whales Reshuffle Over 537 Mln XRP Amid Price Flux, Nosedive Below $0.62?

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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