EIGEN, PEPE, and SUI Surge Following Binance Trading Bot Announcement
Release: 2024/10/12 05:54 Reading: 613
- Original author：Crypto News Land
- Original source：https://cryptonewsland.com/?p=185439
Binance Trading Bots Support EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD
October 12, 2024
Binance has announced the expansion of its Trading Bots services to include three new trading pairs: EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD. Effective October 11, 2024, at 8:00 UTC, these pairs will be available for automated trading.
Market Impact
The announcement has had a positive impact on the prices of the involved cryptocurrencies.
- Pepe Coin (PEPE): Trading volume surged to $739.78 million, with a modest price increase of 3.16% to $0.000059386.
- EigenLayer (EIGEN): Price rose by 2% to $3.75, with trading volume reaching $23.430 million.
- Sui (SUI): Gained 7.01% over the past week, currently valued at $1.84 with a market capitalization of $5.08 billion.
Trading Bots and Geographic Eligibility
Binance's Trading Bots utilize automated trading strategies, reducing the need for constant user supervision and minimizing emotional trading decisions. However, the availability of the new trading pairs is subject to geographic limitations, with residents of the US, Canada, and the Netherlands excluded due to regulatory restrictions.
This reflects the ongoing regulatory challenges within the cryptocurrency space, as exchanges navigate global compliance requirements while providing innovative solutions to users.
Disclaimer:
CryptoNewsLand (CNL) is an independent media outlet and is not affiliated with any companies in the cryptocurrency and blockchain industry. News sources are considered credible and accurate, but CNL does not guarantee the validity or motives behind their statements. All visitors are strongly encouraged to conduct their own research and consult with experts before making any investment or trading decisions.
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