Binance, still positioned as the world’s largest exchange by volume, announced on Friday that it has expanded its offerings on the platform by adding BONK trading to Binance Convert, informing market participants. This new development followed the crypto exchange’s announcement that it had listed BONK with three new pairs amidst the existing heavy demand for the meme coin.
Binance’s New BONK Move
According to the recent announcement by Binance, Binance Convert is also adding Bonk (BONK) to its services. This latest move by Binance has expanded the services offered to users who want to take advantage of the significant rise in BONK prices.
To briefly define Binance Convert, it can be described as a tool that allows users to easily buy and sell crypto. It supports a wide variety of assets including fiat currencies and more than a thousand pairs. Users can use this application for the conversion of tokens even with as little as 1 dollar.
According to the announcement, users will now be able to convert BTC, USDT, and all other tokens supported by Convert to BONK with zero fees.
Additionally, Binance users can use the Binance Automatic Investment feature to make BONK purchases connected to this feature through existing payment options. It was also stated that this application will start from December 19, 00:00 UTC.
Furthermore, in order to meet the high demand, Binance has launched new BONK spot trading pairs for its users. These include BONK/USDT, BONK/FDUSD, and BONK/TRY. Users will be able to buy BONE meme coins in these trading pairs starting from December 16, 08:00 UTC.
Current Status of BONK Price
The price of BONK has risen by more than 100% in the last 24 hours, currently trading at $0.0000263. The lowest and highest prices seen by the altcoin in 24 hours were $0.0000141 and $0.0000341, respectively.
Additionally, there has been a noticeable increase in trading volume, attracting the attention of market participants with an approximate 400% increase in the last 24 hours. The overall market cap of BONK continues to stay above 1 billion dollars with a 90% increase.