Binance Expands Trading Options With New Pairs Including HBAR, OM, and APE

Launching November 22, the announcement has market watchers eyeing a rally despite recent turbulence in token prices.

Binance Adds Multiple Trading Pairs, Including HBAR, OM, and APE, Along With Spot Algo Services.

Binance is expanding its trading options with the addition of several new pairs and Spot Algo services.

According to a press statement from Binance on November 20, the exchange is adding more trading options for its users. The statement says that starting at 08:00 UTC on November 22, the crypto exchange will begin trading for the following pairs: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

At the same time, the top cryptocurrency exchange will launch its trading bot services for certain cryptocurrency pairs. The following Spot Algo orders will be available to users on the given date: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

Furthermore, there will still be no fees for users when trading the FDUSD/USDC pair. These improved trading offerings are sparking more interest in the assets, which could lead to even more growth. Market analysts are cautiously optimistic about the future with the launch of the enhanced trade products.

Despite the positive announcement, the price of six tokens showed volatility. Trading at $1.08, ApeCoin (APE) went down over 4% intraday. At the time of publishing, the coin’s 24-hour low was $1.08, and its high was $1.15.

Meanwhile, the price of Hedera (HBAR) went down 15% during the day, reaching $0.1231. Intraday, the coin’s price ranged between $0.1177 to $0.1485. According to Coingape, the weekly chart for the token showed gains of 113%, which is significant. Optimism is high due to rumors about Hedera board member Brian Brooks being considered for the role of chairman of the US SEC.

Despite the announcement, the price of MANTRA (OM) went down 5% and is now trading at $3.96. Within a day, the price of the coin dropped as low as $3.81 and as high as $4.39. The price of MANTRA also increased by 176% in a week.

In a same vein, the price of Raydiyum (RAY) went up 23% weekly and 4% intraday, finally landing at $5.50. It peaked at $5.79 and hit a 24-hour low of $5.20.

But the price of Bittensor (TAO) went down 3% yesterday and is now at $475.86. In a 24-hour period, the coin's value dropped as low as $461.77 and rose as high as $501.58. Finally, Turbo’s price dropped 6% to $0.008078 in the last 24 hours. Within a day, the price of the coin dropped as low as $0.008054 and as high as $0.008823.

Despite their poor performance, market observers are keeping an eye on the tokens as Binance's enhanced offerings usually have a positive impact on crypto. Notably, the price of Comedian (BAN) and Akash Network (AKT) skyrocketed after they listed their futures on the same platform.

Since they were both listed on the same exchange before, the prices of PNUT and ACT went up a lot at the same time. These past events are creating a lot of hope for the future price movements of the mentioned coins. However, market observers are still not sure what will happen in the future, mainly because the cryptocurrency market is so unpredictable.