Binance Adds Trading Pair TONS, DOGS, And ALGO, New Opportunities For Investors

Binance added Trading Pair TONS, DOGS, and ALGO, new opportunities for investors (Photo; Doc. The Money Post)

JAKARTA - Binance recently announced the addition of new trading pairs to several crypto assets on its platform. This move is part of Binance's strategy to expand pair trading options for its users, as well as increase visibility and support for registered digital assets. This addition includes marketing and cross-USDC trading for eleven crypto assets, including Algorand (ALGO), Toncoin (TON), and DOGS.

The addition of this trading pair aims to provide more flexibility to Binance users in formulating trading strategies and portfolio diversification. This step not only improves the user experience, but also has the potential to encourage the increase in the price of registered digital assets, given the extent of Binance's user base.

Along with the official announcement from Binance Margin, this new cross- and isolated margin product will include pair trading connected to the USDC stablecoin from Circle. The pairs include TON/USDC, ALGO/USDC, APT/USDC, DOGS/USDC, ARKM/USDC, BLUR/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, and TNSR/USDC.

The addition of these new tokens usually has a positive impact on registered crypto prices. For example, the price of Tranchess (CHESS) jumped by about 41% after being listed on Binance Futures recently. This experience has increased optimism among investors that this latest margin product can follow the same path.

Although some new trading pairs have increased, the majority are still in the red zone, along with wider market volatility. This shows the mixed sentiment of investors related to this new list.

At the time of writing, the DOGS decreased by 9.13% in the last 24 hours, with prices at 0.001296 US Dollars (approximately IDR 20). The trading volume of the DOGS also decreased by 43% to 670 million US Dollars (approximately IDR 10.3 trillion), which showed a decline in investor interest. The price of Toncoin (TON) also fell by 2.47% to 5.43 US Dollars (approximately IDR 84,273) in the same period.

In contrast, Algorand (ALGO) managed to record a slight increase of 0.7% to 0.129 US Dollars (around Rp2,002), while Aptos (APT) rose 4% to 6.97 US Dollars (around Rp108,174) in the last 24 hours. This indicates that despite the decline in some tokens, there are still opportunities for an increase in other assets.