- Binance is launching new spot trading pairs and trading bots for DOGS, RARE, and other cryptocurrencies starting today.
- Despite this update, these tokens are experiencing significant declines in value, reflecting the broader bearish market trend.
Cryptocurrency exchange Binance has announced a significant update affecting several digital assets, including DOGS, Pepe Coin (PEPE), Solana (SOL), SATS (1000SATS), BONK, Ethereum (ETH), and SuperRare (RARE). The update brings new trading pairs and trading bot services. This step is aimed at expanding the list of services for users and increasing the visibility of these cryptocurrencies on the international market.
On August 28, Binance launched new spot trading pairs and trading bot services for selected cryptocurrencies. Effective today at 13:00 UTC, Binance will open trading for spot pairs DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC.In addition, Spot Grid and Spot DCA trading bots will be available for 1000SATS/TRY, BONK/TRY, ETH/EUR, PEPE/TRY, SOL/EUR, and USDC/USDT pairs. Spot Algo orders for DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC will also commence at the same time.
The addition of these services is designed to give users more trading opportunities and increased access to a number of different fiat currencies. However, Binance stated that this listing announcement could be subject to change from time to time, depending on the regulatory and legal demands.
Market Response and Token Performance
Despite the positive news from Binance, the mentioned cryptocurrencies have experienced significant declines in value today. The global crypto market cap has tumbled by more than 5% and is showing signs of a bearish trend that has affected the leading cryptocurrencies. Bitcoin and other top cryptocurrencies are also trading negative today.
DOGS has experienced a 27% decline in the past 24 hours to be trading at $0.001568. This decline comes after a bit of a rally from a massive price decline due to a large unlock of tokens. Nevertheless, DOGS’ return is highly correlated with the general market decline.
Pepe Coin (PEPE) has dropped by 5%, with its price reaching $0.000007922. Similarly, 1000SATS has fallen by 13%, trading at $0.0003185. Solana (SOL) has also suffered, with its price falling 4.72% to $147.42.
Ethereum (ETH) has seen a 4% decrease, now at $2,522. BONK’s price has dropped 5% to $0.00001862, while RARE has experienced a 6.1% decline, trading at $0.1793.
Binance Enhances African Presence with Mobile Money Integration
Additionally, Binance has introduced a new feature aimed at extending its services in Ghana, Tanzania, Uganda, and Zambia, where users can conduct trade in crypto assets using mobile money. The new One-Click Buy and Sell (OCBS) feature, in collaboration with the Web3 payment company Transfi, enables buying and selling cryptocurrencies directly from mobile money wallets.
This news comes as Tigran Gambaryan, a Binance executive being held in Nigeria since February 26, suffers from severe health complications, as reported by his family. Gambaryan is in very severe pain because of the herniated disc, and he cannot even stand on his feet. His family said that he is almost confined to bed and has to use blood thinners to avoid the formation of clots in his body. According to the prison doctor, he has developed muscle atrophy due to his immobility.
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