Image via: bonkcoin.com
- Binance expands commission-free BONK trading options by including it in Binance Convert, stimulating interest in the meme currency.
- After BONK’s addition to Binance, its price rises more than 100%, despite a 15% correction afterwards.
The world’s largest cryptocurrency exchange platform, Binance, has taken a significant step by expanding BONK trading on its platform, including it in the Binance Convert service. This decision, announced on Friday, follows the recent inclusion of BONK with three new trading pairs, responding to the huge demand for the meme coin. It is anticipated that this move will generate positive sentiment towards Solana-based Bonk.
Binance and the Addition of Bonk to Convert
According to an official announcement on December 15, Binance will add Bonk (BONK) to its Binance Convert service. With this new move, Binance expands its offerings for users interested in capitalizing on the great BONK price rally.
Binance Convert is a simple tool that allows users to buy or sell cryptoassets with ease. It supports a wide range of assets and over a thousand pairs, including fiat currencies. Users can convert any amount of token to another from as little as 1 USD.
“Users can now trade BONK against BTC, USDT and any other token supported by Convert with no commissions,” according to the announcement.
Payment Options and New Trading Pairs
In addition, Binance users will be able to buy BONK with any payment option available in Binance’s Auto-Invest feature, starting from December 19 at 00:00 UTC.
#Binance will list @bonk_inu $BONK with Seed Tag applied.
👉 https://t.co/BVs6KjrRvK pic.twitter.com/AKB6mlwnkL
— Binance (@binance) December 15, 2023
Additionally, Binance has launched new spot trading pairs for Bonk for its users, in the face of massive demand. These are BONK/USDT, BONK/FDUSD and BONK/TRY. Users will be able to withdraw their BONK meme coin from December 16 at 08:00 UTC.
BONK Price Variations
The price of BONK has risen more than 100% in the last 24 hours, and at the time of writing, is currently trading at $0.0000269. The 24-hour low and high are $0.0000141 and $0.0000341, respectively. In addition, trading volume has increased by almost 400% in the last 24 hours, indicating a growing interest among traders.
Tradingview: BONKUSDT – 2023-12-15
But despite this, BONK has seen a decline from its previous gains as traders, investors and market makers sold their holdings and Bonk’s airdrop. Despite a 15% correction in just a few hours, the price is still up 72% over the past 24 hours.
Future for BONK on Binance
The inclusion of BONK in Binance Convert and the launch of new spot trading pairs reflect Binance’s dynamism and adaptability to meet the demand of its users. This not only offers Binance users more choice and flexibility in their cryptocurrency trading, but also underscores the platform’s commitment to facilitating an accessible and efficient trading environment.
With these new additions and the steadily increasing interest from investors, BONK is positioned as an exciting asset in the cryptocurrency market, offering Binance users a unique meme coin trading experience. Binance’s decision to promote commission-free trading of BONK is a clear indication of the potential they see in this cryptocurrency and their drive to offer returns for their growing user base.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Credit: Source link
