 and Orca (ORCA), sparking price surges of 134% and 66%, respectively. Learn about these tokens and their potential impact.){kind=link}
In a significant move, Binance has announced the listing of two new cryptocurrencies on its platform earlier today- Across Protocol (ACX) and Orca (ORCA). Starting at 21:00 ET on December 6, 2024.
Binance will open spot trading pairs for ACX/USDT and ORCA/USDT, allowing users to trade these assets against the popular stablecoin Tether (USDT).
This development marks an important expansion of Binance’s cryptocurrency offerings, as the exchange continues to selectively add projects that it believes will offer value to its global user base.
Price Surges Following the Announcements
The market has reacted enthusiastically to Binance’s decision to list these two cryptocurrencies.
Following the announcement, the price of Across Protocol’s ACX token surged by an impressive 133.27% in the last 24 hours, reaching a value of $1.34 per token.
Similarly, the Orca (ORCA) token, which powers the Orca decentralized exchange on the Solana blockchain, experienced a 68.93% price increase in the same period, now trading at $6.33.
These substantial price rallies demonstrate the significant impact that a Binance listing can have on a cryptocurrency’s fortunes, as investors and traders rush to acquire these newly listed assets.
Deposit and Withdrawal Details
To facilitate the smooth onboarding of these new cryptocurrencies, Binance has announced that the deposit channels for both ACX and ORCA are now open.
However, withdrawals for these assets will only be available starting at 21:00 GMT+8 on December 7, 2024.
This staggered approach allows Binance to ensure the proper integration and functionality of these tokens within its platform before enabling full withdrawal capabilities.
About the Listed Projects
Across Protocol (ACX) is an intent-driven interoperability protocol that aims to bridge the gap between different blockchain ecosystems, enabling seamless cross-chain transactions and asset transfers.
The Orca (ORCA) token, on the other hand, is the native asset of the Orca decentralized exchange, which operates on the Solana blockchain.
Both of these projects have garnered significant attention and interest within the broader cryptocurrency community, and their Binance listings are likely to further propel their growth and adoption.
The Significance of Binance Listings
The decision by Binance to list ACX and ORCA underscores the exchange’s influential role in the cryptocurrency market.
As one of the world’s largest and most prominent digital asset trading platforms, a Binance listing is often seen as a seal of approval, granting projects increased visibility, liquidity, and credibility.
The price surges observed following the announcements highlight the significant impact that a Binance listing can have on a cryptocurrency’s performance, further solidifying the exchange’s position as a key driver of market trends and adoption in the rapidly evolving blockchain industry.
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