Binance announced plans to list a new token on its Alpha and Futures Trade desks, alongside crypto airdrops for select users.
Beyond listing, Binance also plans to cease trading for certain trading pairs. Both moves are part of the exchange’s commitment to protecting users and maintaining a high-quality trading market.
The largest crypto exchange on trading volume metrics, Binance, announced plans to list Resolv (RESOLV) on June 10.
Specifically, RESOLV token will be available for Alpha trading on June 10 at 13:00 UTC. Meanwhile, Futures trading will be open half an hour later, at 13:30 UTC.
“We’re pleased to announce that Binance will be the first platform to feature Resolv (RESOLV),” read the announcement.
In the aftermath of this listing announcement, RESOLV token price soared by nearly 460% on GeckoTerminal, a decentralized exchange (DEX) aggregator.
Given the impact of token listing announcements on popular exchanges such as Binance, Coinbase, and Upbit, the surge is expected.
BeInCrypto reported Binance.US listing Hyperliquid’s HYPE, which fueled a 6% surge. Similarly, Coinbase listing Ethena (ENA) inspired an 8.6% surge for the token on Tuesday. Likewise, Upbit listing Pocket Network saw POKT token surging over 592%.
Meanwhile, besides listing RESOLV, Binance also revealed that eligible users would be allowed to use Alpha Points for an exclusive airdrop on the Alpha Events page when trading begins.
“RESOLV is about to TGE, listed on Binance Alpha and Binance Futures Claim starts at 9 PM on June 10, score line not yet announced Seems like a lot of people are farming. Resolv Labs raised $10M in seed round, working on a Delta-neutral stablecoin protocol, with Coinbase as an investor,” remarked a user on X.
Binance also plans to delist five spot trading pairs, effective June 6 at 03:00 UTC. To protect users and maintain a high-quality trading market, the Binance exchange will delist and cease trading ACX/FDUSD, IDEX/FDUSD, ORCA/FDUSD, THETA/FDUSD, and XAI/FDUSD.
“The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance,” the exchange articulated.
The exchange also committed to terminating spot trading bots’ services for the aforementioned spot trading pairs.
With this, Binance asked users to update and/or cancel their Spot trading bots before the stated date to avoid potential losses.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Open interest in Ethereum has reached an all-time high on Kraken, suggesting coming volatility in…
The Ethereum Name Service: Decoding Crypto Addresses and Building Web3’s Identity Layer What is ENS…
Exploring Raydium: How Solana’s Go-To AMM Works and Stays Safe What is Raydium and is…
What is ATH in crypto, and why does it matter so much? In the often-frenzied…
Big news for crypto enthusiasts! Changelly is kicking off March 2025 with a special treat…
UMA surged 26.54% from a high-confluence support area, catching traders’ attention with a sharp bullish…