Popular cryptocurrency exchange, Binance, has added seven new trading pairs to its already exhaustive list. The new pairs are ALICE/BNB, ETH/UST, LRC/BNB, GALA/AUD, OOKI/BNB, ONE/ETH, and ATOM/TRY. Two of these new trading pairs contain fiat currencies.
Binance Adds 7 new Trading Pairs
With over 500 crypto trading pairs on its platform, Binance is one of the few exchanges with an extensive list of trading pairs. These new additions will only give more options to users of the platform.
#Binance adds 7 new trading pairs:
— Binance (@binance) January 7, 2022
While some of the tokens in the new trading pairs are well known, others are fairly new. GALA, the Gala games ecosystem token, was one of the best performing cryptocurrencies of last year with over 26,000% rise in value. So, it’s not surprising that Binance is adding more fiat pairs for it.
On the other hand, OOKI, the native and governance of Ooki protocol, is a new coin. Having just been listed on Binance in December, new trading pairs seem like the next step. Ooki protocol is a decentralized protocol for DeFi and Dapps.
Another new token is Alice which was released in May 2021 for the multiplayer builder game, My Neighbor Alice. Players can buy and develop lands in the game while interacting with neighbors and performing activities.
Launched in the height of the market, the price rose to an ATH of $42.55, but it’s currently trading below $12.
Binance also added two fiat currencies to the trading pairs with the Australian dollar (AUD) and Turkish Lira (TRY). These two options mean that Binance will see more fiat to crypto purchases for GALA and ATOM.
BNB Loses 5% in 24 Hours
With the addition of these new trading pairs, Binance is once again showing why it’s the number one crypto exchange in the world. Despite its various scuffles with authorities, the exchange has been able to maintain its lead against its competitors.
But the same can’t be said for BNB, its native token. After almost reaching a new ATH in November, the value has fallen significantly along with the rest of the market. In the past 30 days, it has lost around 21% of its value.
Given more recent trends, its situation is not looking to change soon. BNB has suffered a 1.3% drop in 24 hours and currently trades at $447.