Binance, a premier cryptocurrency exchange, has announced the inclusion of a new altcoin, Jupiter (JUP), to its trading platform. The move will allow Binance users to trade JUP, expanding the exchange’s diverse asset offerings.
Binance Embraces Jupiter (JUP) for Trading
The listing of Jupiter’s native token, JUP, under the “Seed” label, marks a significant development for the cryptocurrency. Binance has scheduled the start of JUP trading operations for today at 18:30 local time, with multiple trading pairs available, including JUP/USDT, JUP/FDUSD, and JUP/TRY. Users can deposit JUP in anticipation of trading, with withdrawals set to open on February 1st at the same local time.
Beyond the spot market, Binance is also set to list the JUP/USDT pair on its Isolated Margin within the next 48 hours, making JUP a borrowable asset in this margin trading service.
The announcement of JUP’s listing on Binance has had an immediate impact on its market price, propelling it upwards by 57.12% in the last 24 hours to $0.01255. This price surge coincides with a notable 96% increase in trading volume, reaching $2.36 million.
Jupiter operates as a decentralized finance (DeFi) protocol on the Solana Blockchain, offering services like DEX aggregation, limit orders, Dollar-Cost Averaging (DCA), bridge comparison, and futures. The JUP token is integral to the ecosystem, facilitating transaction fee payments and governance participation.