Binance Adds TON, DOGS, JUP to Margin Trading

• Binance has announced that it’s now listing new margin trading pairs for Toncoin, Jupiter, Aptos, Ontology, Algorand, SuperRare, Blur, and Arkham. 
• The listed tokens noted slight movements, with some, like Aptos, gaining a modest 1.2%, while others, like Toncoin and Jupiter, dipped despite the positive news.

Binance has added nearly a dozen new digital assets to its margin trading platform, expanding the already vast selection of tokens available on the world’s largest crypto trading platform.

In its announcement today, Binance Margin revealed that it was adding Algorand, Aptos, Arkham, Blur, Dogs, Jupiter, Ontology, SuperRare, Tensor, Renzo, and Toncoin trading pairs the USDC stablecoin.

“Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” the exchange noted.

The news failed to spark a significant movement with the 11 cryptos, some of which dipped in the past day. Toncoin, the largest of the new supported tokens, trades at $5.42, dipping 2.3% in the past 24 hours and 17.6% in the past week as the legal troubles of Telegram founder Pavel Durov continue to hang over the crypto project.

Durov was arrested in France and has been charged with facilitating crime on Telegram and refusing to cooperate with French authorities, although some countries like Russia have alleged that the attacks are politically motivated. The crypto community continues to stand with Durov, as do millions of free-speech and anti-censorship supporters globally.

Despite the legal troubles, whales have stood with Toncoin. As we reported yesterday, these whales have tripled their TON holdings in the past month as the number of TON tokens in retail addresses hit an all-time high.

Binance Fails to Ignite Cryptos

Besides Toncoin, the other largest coins that were added to Binance Margin were Aptos, Algorand and Jupiter respectively. Algorand’s ALGO trades at $01.284, dipping by 1% in the past day and nearly 8% in the past week for a $1.56 billion market cap. Jupiter’s JUP hasn’t fared any better, losing 3.3% to trade at $0.7713. JUP has lost 28% in the past month.

However, Jupiter could change over the next few months. The Solana-based exchange saw a proposal to burn 30% of JUP tokens, worth over $2 billion, over the next six months, approved at the beginning of the month.

Aptos fared worse than the other two, dipping 5.9% in the past day. It trades at $6.66 at press time for a $3.232 billion market cap.

Aptos has seen an explosion in transactions in the past month, and it could get even better, with Tether now set to launch its industry-leading USDT stablecoin on the Aptos network. USDT has played the biggest role in the rise of TRON to become one of the most important networks, with revenue higher than Ethereum and Solana.