Binance, the renowned cryptocurrency exchange, has made headlines once again by announcing the listing of new trading pairs on its platform. Notably, in a recent announcement, the crypto exchange said that it will be listing Worldcoin (WLD), Filecoin (FIL), Hedera (HBAR), and PENDLE on its platform.

Notably, this move comes amidst a flurry of activity in the crypto market, with all these above-mentioned tokens gaining traction. However, Binance’s expansion efforts coincide with legal challenges in Nigeria, adding a layer of complexity to the crypto landscape.

Binance To List WLD, HBAR, FIL, & PENDLE

Binance, a leading crypto exchange, announces its plans to expand offerings with new pairs. According to the update on its platform, the crypto giant will introduce new trading pairs, including FIL/USDC, HBAR/TRY, PENDLE/TRY, and WLD/USDC, aiming to enhance users’ trading options and experience.

Meanwhile, scheduled for February 23, 2024, at 08:00 (UTC), these additions reflect Binance’s commitment to expanding its offerings. In addition, Binance will introduce Trading Bots services for selected pairs, allowing users to benefit from advanced trading strategies.

Besides, zero maker fees on FDUSD trading pairs will be in effect until further notice, providing users with cost-saving opportunities. Notably, the move signifies Binance’s continuous efforts to adapt to market demands and provide a comprehensive trading environment for its users.

Meanwhile, the announcement follows a surge in Worldcoin’s price, reaching its all-time high and hovering around the $9 mark. Similarly, tokens like FIL, HBAR, and PENDLE witnessed rallies in response to the update.

Also Read: Top Analyst Predicts Bitcoin Price Rally to $57K, What’s The Scoop?

Legal Challenges in Nigeria and Regulatory Impact

Binance’s listing announcement coincides with regulatory hurdles in Nigeria, where the government has imposed restrictions on leading cryptocurrency exchanges, including Binance. Despite the Central Bank of Nigeria lifting its ban on crypto transactions in December 2023, recent actions aim to curb currency speculation activities within the country.

Nigeria’s directive to telecommunication firms to block access to crypto exchanges like Binance, Coinbase, and others, underscores the evolving regulatory landscape for digital assets. While the move aims to address currency speculation concerns, it raises questions about access to crypto markets and investor freedom.

In response, Binance emphasized staying committed to a transparent and market-focused environment, refuting allegations of currency speculation on its platform. The exchange’s decision to pause transactions aims to prevent price suppression, aligning with its principles of fair trading practices.

Meanwhile, talking about the prices, the Worldcoin price was up over 25% during writing and traded at $8.32, after reaching its ATH of $8.75 in the last 24 hours. On the other hand, the Hedera price noted a jump of 2.24% to $0.1071, while the Filecoin price surged 4.11% to $7.48. Simultaneously, the PENDLE price was up 12.43% to $2.84 at the same time.

Also Read: Ethereum Price Rally Gains Momentum for $4000, Here Why?

The post Binance To Add WLD, HBAR, FIL, PENDLE Pairs, Will Prices Rally? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am