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.
Binance New Listing: RESOLV Soars 460%
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 To Delist Five Spot Trading Pairs
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.
The post Binance Listing Announcement Fuels 460% DEX Surge For RESOLV appeared first on BeInCrypto.
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