Binance TH is set to list LUNC, USTC, LUNA, SHIB, TIA, ETH, and other trending cryptocurrencies to expand trading options for its users in Thailand. Starting June 11, users can trade LUNA, LUNC, USTC, TIA, AR, TAO, W, TRB, JTO, and TNSR in USDT pairs.
Additionally, Binance TH will list ETH on Base, Arbitrum, and Optimism, and SHIB on BSC. The prices of LUNC, USTC, and SHIB are expected to rebound next week.
Binance TH Expands Trading Options with New Listings
Binance Gulf’s Thailand-based crypto exchange, Binance TH, announced that it will add new trading pairs on June 11, according to an official announcement on June 8. The exchange is introducing 10 new cryptocurrencies for trading as part of its efforts to increase the number of users on the platform.
Binance TH will list the following pairs: LUNA/USDT, LUNC/USDT, USTC/USDT, TIA/USDT, AR/USDT, TAO/USDT, W/USDT, TRB/USDT, JTO/USDT, and TNSR/USDT.
The Terra Luna Classic community sees this move as another commitment by Binance to support LUNC, USTC, and LUNA tokens, responding to demand from domestic users.
Additionally, Binance TH will list existing tokens on new networks for trading. Specifically, ETH will be listed on Base, Arbitrum, and Optimism; USDT on Arbitrum, Optimism, and Avax C-chain; and WAVES and SHIB on BSC.
Users can begin trading the newly listed cryptocurrencies at 2:00 PM local time on June 11, 2024. This development is notably happening a day before the settlement between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs.
Altcoin Prices Drop Amid Market Selloff, But Rebound Expected
Altcoin prices fell sharply after a significant crypto market selloff in the last 24 hours, causing the global crypto market cap to decrease by more than 3.40% to $2.54 trillion. Despite this downturn, market experts believe prices will rebound soon as inflation cools.
LUNC experienced a 10% drop in the last 24 hours, with its price currently trading at $0.0001064. The 24-hour low and high were $0.0001018 and $0.0001219, respectively. This decline dampened hopes for a new rally, as traders had anticipated the start of a massive upward trend.
USTC’s price tumbled over 12%, currently standing at $0.02145. This selloff negated the 22% gains USTC had achieved over the past month.
Meanwhile, SHIB’s price also dropped by more than 6%, now trading at $0.00002332. However, trading volume in the last 24 hours has increased by more than 80%. Despite the recent lull, Shiba Inu is expected to continue its rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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